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

Under Biden, U.S. oil reserves to drop by 40 percent The sale of 180 million barrels of oil is one of many that will reduce reserves to levels not recorded since 1984.

The United States has overtaken industry giants Saudi Arabia and Russia in recoverable oil reserves, an international study released Monday says. The U.S. is sitting on 264 billion barrels, 8 ...

In fact, the reserve still holds 351 million barrels — equivalent to nearly 56 days of total U.S. oil imports last year — though well below the peak of 727 million barrels it held during the ...

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

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 ...

The estimated $20 billion would only be enough to buy about 301 million barrels of U.S. crude at today's prices, and would bring the reserve to less than 700 million barrels.

Reuters. FILE PHOTO: An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016.

HOUSTON — The United States is tapping into its oil reserves in an effort to fight skyrocketing gas prices ahead of the holidays. Right now, the national average sits at $3.40. That’s up $1.29 ...

U.S. Energy Secretary Chris Wright estimates it would take $20 billion and years to accomplish President Donald Trump's goal of refilling the Strategic Petroleum Reserve to its maximum capacity ...