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 ...

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

The strategic petroleum reserve is the country’s emergency stockpile of oil. The 180 million barrel release would drop the reserve levels to 388 million barrels — the lowest levels since 1984.

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

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

WASHINGTON - The Department of Energy on Friday said it is providing ExxonMobil with up to 1 million barrels of crude oil from the federal government's Strategic Petroleum Reserve to offset a supply ...

The country has hit its lowest levels of Strategic Petroleum Reserves since the 1980s, with a little under 350,000 barrels.

Biden taps U.S. oil reserve to ease gas prices 03:47. President Biden announced Thursday that his administration will release 180 million barrels of oil from the nation's Strategic Petroleum ...

America’s Strategic Petroleum Reserve is a collection of underground salt caverns in Texas and Louisiana that can hold more than 700 million barrels of oil, although it is not currently full.

The Biden administration on March 31, 2022, said it plans to release an unprecedented 180 million barrels of oil from the U.S. Strategic Petroleum Reserve to combat the recent spike in gas and ...

The U.S. Strategic Petroleum Reserve, the world's largest, needs 13 days after a presidential decision to supply crude oil at a maximum rate of 4.4 million barrels per day.

Releases from the strategic petroleum reserve have “reduced oil prices by an estimated close to $10 per barrel, which translates into a saving of about 40 cents per gallon,” Zandi told ABC News.