Biden went on to unleash 260 million barrels of US oil from its reserves, decreasing supply to its lowest levels since 1983, Energy Department data from last month shows. Getty Images.

According to data from oil service provider Baker Hughes, the number of active oil rigs in the US fell by a further six last ...

Between March 4 and Oct. 14, the U.S released 172.4 million barrels, according the the U.S. Energy Information Administration. How much oil is in the Strategic Petroleum Reserve in 2022 ...

US oil exports from the Gulf Coast were on pace to hit an all-time high of 3.3 million barrels per day in the second quarter of 2022, Rystad said, edging past the previous high of 3.2 million in ...

In this article, we are going to discuss the 15 states with the largest oil reserves in the US. You can skip our detailed analysis of the economic contributions of the American oil and gas sector ...

When the US releases oil from the reserves, the Department of Energy sells the crude in an auction to the highest bidder. At its peak in 2009, the SPR held 727 million barrels of crude oil.

How tapping strategic oil reserve will affect U.S. gas prices, OPEC+. By William Brangham, Harry Zahn. President Joe Biden is tapping an emergency stockpile of oil to stem a rising tide of energy ...

Arathy Somasekhar, Reuters, "U.S. emergency oil reserves tumble to lowest since 1984," Sept. 12, 2022 Emails from Chris Higginbotham at U.S. Energy Information Administration Media Relations, Jan ...

Proved reserves of US crude oil and lease condensate increased by 6.2 billion bbl (+16%) to 44.4 billion bbl at yearend 2021 from 38.2 billion bbl at yearend 2020, according to the US Energy ...

WASHINGTON — The Biden administration said Friday it is buying 3 million barrels of oil to begin to replenish U.S. strategic reserves that officials drained earlier this year in a bid to stop ...

US reserves status quo: Gold, oil and the emerging role of Bitcoin . The US government has long relied on gold and oil as reserve assets, but with the growing institutional adoption of Bitcoin ...