New “milestones” for the Strategic Petroleum Reserve

August 8, 2022 by offshoreenergy

Largest-ever one year decline – 151.4 million bbl or 24.4% (see table below)
35.3% decline since 2010 (see chart below)
69 consecutive weeks of decline – 4/9/2021 to 7/29/2022
For the first time, broke the 500 million barrel threshold (on the downside): 6/24/2022
Lowest inventory since 5/17/1985 when the reserve was still being filled

7/30/2021	621.3 million bbls
7/29/2022	469.9 million bbls

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Bud's Offshore Energy (BOE)