- down another 4.7 million bbs from the previous week (12/2/2022)
- lowest reserve volume since 1/6/1984
- 212 million bbls withdrawn this year
- EIA data
Posts Tagged ‘Strategic Petroleum Reserve’
SPR decline continues; 382.271 million bbls in reserve as of 12/9/2022
Posted in energy policy, tagged SPR depletion, Strategic Petroleum Reserve on December 16, 2022| Leave a Comment »
Strategic Petroleum Reserve withdrawals continue
Posted in energy policy, tagged SPR depletion, Strategic Petroleum Reserve on December 9, 2022| Leave a Comment »
Down to 387 million bbls as of 12/2. Lowest SPR volume since 2/24/1984. 206 million bbls withdrawn in 2022. With WTI near $72/bbl, is this finally the end of the withdrawals?
SPR declines to 389.1 million bbls (11/25/2022) as OPEC+ considers further cuts
Posted in energy policy, tagged OPEC+, SPR depletion, Strategic Petroleum Reserve on December 2, 2022| Leave a Comment »
The reserve is at its lowest level since 3/16/1984, and is now 46.5% below capacity.
SPR declines to 390.5 million bbls (11/18/2022). When does it end?
Posted in energy policy, tagged SPR depletion, Strategic Petroleum Reserve on November 22, 2022| 1 Comment »
SPR decline continues – down to 392.2 million bbls as of 11/11/2022
Posted in energy policy, tagged SPR depletion, Strategic Petroleum Reserve on November 16, 2022| Leave a Comment »
SPR update: down to 396.2 million bbls as of 11/4/2022
Posted in energy policy, tagged SPR depletion, Strategic Petroleum Reserve on November 9, 2022| Leave a Comment »
Strategic Petroleum Reserve falls below 400 million barrels (as of 10/28/2022)
Posted in energy policy, tagged SPR, SPR depletion, Strategic Petroleum Reserve on November 1, 2022| Leave a Comment »
For the first time since May 18, 1984, when the SPR was being filled, the reserve has fallen below 400 million barrels.
This will reduce the SPR to <400 million (from 727 million bbls when full) for the first time since May 1984
Posted in energy policy, tagged SPR depletion, Strategic Petroleum Reserve on October 19, 2022| Leave a Comment »
As of 10/14/2022, the SPR inventory was 405.1 million barrels.
President Biden will announce on Wednesday that he is releasing 15 million more barrels of fuel from the Strategic Petroleum Reserve, a move aimed at easing gas prices three weeks before voters anxious over rising costs head to the polls as Democrats have been battered by GOP attacks on the economy.
WP
One objective is to support domestic drillers😀😀😀
The administration is also expected to release further details on timing for refilling the stockpile, reflecting its desire to combat rising pump prices while also supporting domestic drillers with future demand for their oil, they said.
Reuters
Declining SPR nears the 400 million barrel mark
Posted in energy policy, tagged SPR depletion, SPR milestones, Strategic Petroleum Reserve on October 13, 2022| Leave a Comment »
SPR “Milestones” update:
- Largest-ever one year SPR decline – 208 million bbls or 33.7% (10/8/2021 to 10/7/2022)
- 43.7% decline since 2010
- 79 consecutive weeks of decline – 4/9/2021 to 10/7/2022
- Lowest inventory since 6/15/1984
Don’t forget that in the spring of 2020 the previous administration proposed to refill the SPR to maximum capacity of 727 million barrels at $24 per barrel, but Congress failed to authorize the purchase.
Updated Strategic Petroleum Reserve “milestones”
Posted in energy policy, tagged dubious milestones, SPR depletion, Strategic Petroleum Reserve on October 5, 2022| Leave a Comment »
- Largest-ever one year SPR decline – 203 million bbls or 32.8% (9/24/2021 to 9/30/2022)
- 42.8% decline since 2010
- 78 consecutive weeks of decline – 4/9/2021 to 9/30/2022
- 84 million bbls below the strategically important 500 million barrel threshold which was first breached (on the downside) on 6/24/2022
- Lowest inventory since 7/6/1984 when the SPR was being filled
Bud's Offshore Energy (BOE) 