EIA estimates that China added an average of 1.1 million barrels per day of crude to their strategic inventories in 2025. Wow! If accurate, that’s a massive SPR operation – equivalent to storing ~60% of the total daily oil production in the Gulf of America or offshore Norway! See the video at the bottom of this post.
How much of that oil was imported from Iran?
Meanwhile, US weekly SPR withdrawals have exceeded 4 million barrels over the past two weeks. Presumably that pace will continue consistent with the DOE announcement.
| date | US SPR: bbls (1000s) |
| 3/6 | 415,422 |
| 3/13 | 415,422 |
| 3/20 | 415,442 |
| 3/27 | 415,064 |
| 4/3 | 413,325 |
| 4/10 | 409,181 |
| 4/17 | 405,045 |
The big picture – US SPR:
Bud's Offshore Energy (BOE) 