U.S. Oil Reserves Hit the Lowest Level Seen in over 40 Years

U.S. oil reserves hit the lowest level seen in over 40 years

NPR's Danielle Kurtzleben speaks with Kevin Book of ClearView Energy about the United States' dwindling oil reserves as they hit the lowest level seen in more than four decades.

US Strategic Petroleum Reserve falls below 300 mn barrels amid Iran war, sparking concerns over future emergencies

The US Strategic Petroleum Reserve has fallen below 300 million barrels as Washington releases oil amid the Iran war. Experts warn that further drawdowns could damage underground storage caverns and limit the SPR's ability to respond to future energy emergencies.

Trump’s Iran war leaves US oil reserves so low caverns risk damage

The supply strain comes as drivers face unprecedented late-summer pump prices, with the national average hitting a mid-August record of $4.07 per gallon

The US strategic petroleum reserve has fallen to a 43-year low

The US Strategic Petroleum Reserve (SPR) has fallen to its lowest level in more than four decades, and the timing could hardly be worse, from an American perspective. Last week the stockpile dropped by another 6.1 million barrels to 298.7 million, the first time it has fallen below the 300 million mark since 1983. The United States began the year with roughly 415 million barrels. The Trump administration has since released large volumes to softe…

US oil reserves hit lowest level in over 40 years

The depletion of U.S. oil reserves could exacerbate supply vulnerabilities, potentially driving up global oil prices amid geopolitical tensions. The post US oil reserves hit lowest level in over 40 years appeared first on Crypto Briefing.