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The United States' strategic oil reserve is at its lowest since 1982.

➡️ The United States' Strategic Petroleum Reserve (SPR) has decreased to stand at about 285 million barrels—which is the lowest since November 1982.

➡️ Currently, the reserve is only about 40 percent of the reserve's total capacity.

In the last four years, the United States' strategic oil reserve has seen two major rounds of reduction.

➡️ After Russia started the attack on Ukraine, about 180 million barrels of oil were released from the reserve during the Biden administration to keep oil supply and the market stable.

After that, when oil transportation through the Strait of Hormuz was disrupted due to the Iran war, the release of another 172 million barrels of oil was approved during the Trump administration.

As a result, as one of the world's largest oil reserve stockpiles, the United States' strategic reserve is now at one of its lowest levels in decades.

#assidqnews #news #usa

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Rashedul Raj Plus membership badge: ❤️❤️❤️❤️💚💛💚

1 month ago - [Report]