The oil will be delivered to the Bryan Mound Strategic Petroleum Reserve site near Freeport, Texas, in December and January, the Energy Department said in a statement.

The Department of Energy (DOE) announced Wednesday that it has advanced a plan to acquire one million barrels of crude oil to ...

The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw a large build of 4.4 million barrels in the week ending November 14 ...

The U.S. will begin refilling the Strategic Petroleum Reserve by purchasing 1 million barrels of crude, the Energy Department ...

The Department of Energy (DOE) announced Wednesday that it advanced a plan to acquire one million crude oil barrels and ...

In the 36 years since Congress voted to create a Strategic Petroleum Reserve, U.S. presidents have tapped the nation’s emergency oil stockpile only three times. But in recent years, as gasoline prices ...

Five decades after the creation of the Strategic Petroleum Reserve in the wake of the Arab oil embargo, the United States is ...

WASHINGTON (Reuters) -A U.S. House committee released a budget proposal that includes more than $1.5 billion to replenish and maintain the Strategic Petroleum Reserve, and cancels a congressionally ...

The Biden administration is planning to announce additional sales from the nation's emergency oil stockpile as it seeks to counter market pressures created by the OPEC+ decision to cut oil production ...

As the inception of the Strategic Petroleum Reserve has reached a critical milestone, it is time to take stock of where it has been and where it is going. Beginning in November 2020, US transportation ...

India is looking to build its first-ever private sector strategic petroleum reserve in the next five years. The massive Rs 5,700 crore project contract has been awarded to Megha Engineering & ...