Touch Minimum US Strategic Reserve Since June 1983
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3 Articles
The stocks of the US Strategic Petroleum Reserve fell to 331.2 million barrels last week, its lowest level since June 1983, according to data from the Department of Energy, as supply continues to decline as a result of the U.S.-Iran war. Stocks fell by 9.05 million barrels, the third largest drop to date. These reductions are part of a US agreement to release 172 million barrels from the reserve in order to contribute to lower fuel prices. U.S. …
Government emergency reserve stocks were reduced by 9.05 million barrels, the third largest drop to date
Houston: Data from the U.S. Department of Energy showed that crude oil inventories in the nation's Strategic Petroleum Reserve fell to 331.2 million barrels, their lowest level since June 1983. Stocks in the emergency reserve declined by 9.05 million barrels, the third-largest drop on record. This decline comes as part of a U.S. agreement to release 172 million barrels of crude oil.
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