According to the EIA, U.S. proved reserves of crude oil and lease condensate totaled 46 billion barrels at year-end 2023, a 4 ...

According to data from oil service provider Baker Hughes, the number of active oil rigs in the US fell by a further six last week to just 432. Drilling activity is thus at its lowest level since ...

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 ...

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.

U.S. emergency crude oil stocks fell 8.4 million barrels last week to 434.1 million barrels, their lowest since October 1984, according to U.S. Department of Energy (DOE) data released on Monday.

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 ...

"By sucking the Strategic Oil Reserve dry we've lowered gas prices by $0.14," the post reads, alongside a photo of Biden. The post was shared over 900 times in a few days. Follow us on Facebook!

Blessed with some of the highest quality oil reserves in the world, ADNOC (the national oil company of UAE) has a daily production capacity of 4.85 million barrels of oil and 11.5 billion cubic ...

Montana’s proved oil reserves have increased by almost 11% over the last 5 years, putting it among the U.S. States with the Largest Petroleum Reserves. 11. Ohio ...