Despite claims of replenishment, the Strategic Petroleum Reserve (SPR) remains significantly below pre-Biden levels. The DOE's statements create a misleading impression by including barrels not yet ...

Sen. Ted Cruz, R-Texas., introduced a bill Wednesday that would stop the Biden administration from selling oil from the U.S. Strategic Petroleum Reserve (SPR) to China and Chinese Communist Party (CCP ...

The U.S. will end SPR releases as scheduled this fall. Special Coordinator Hochstein: "We can't be an oil supplier. It's a reserve and so we have to keep that," Hochstein doesn't expect end of SPR ...

The Department of Energy (DOE) on Friday revealed the names of the entities that won bids to purchase the latest oil released from the Strategic Petroleum Reserve by President Biden. The 10.15 million ...

The broader trend suggests that other market forces (such as supply shocks, demand growth, and geopolitical risk) likely play a far greater role in setting the price of crude than SPR adjustments ...