The U.S. Department of Energy announced Friday it has approved an exchange from the Strategic Petroleum Reserve, or SPR, with ...

The Trump administration hasn't acted "immediately" to refill the reserve, as Trump said he would. But a fast refill is being prevented by maintenance concerns, and funding for both repairs and new ...

U.S. President Donald Trump's signature budget bill slashed funding for refilling U.S. emergency oil reserves, violating his ...

The Department of Energy on Friday said it is providing ExxonMobil with up to 1 million barrels of crude oil from the federal ...

The Strategic Petroleum Reserve, which stores U.S. oil in case of emergencies, could see a refill under President Trump, ...

WATCH: Biden announces release of 15 million barrels of oil from strategic petroleum reserve. The withdrawals have sent the nation's strategic reserve to its lowest level since 1984 in what the ...

Except the strategic petroleum reserve doesn’t contain cash. The reserve can hold more than 700 million barrels of oil. Right now, it has more than half of that.

The US Strategic Petroleum Reserve's planned crude oil deliveries are delayed by seven months until December 2025 due to site ...

India is planning to build three new strategic petroleum reserve sites to strengthen its energy security and meet the ...