U.S. Strategic Petroleum Reserve Falls to 283.8 Million Barrels, Lowest Since 1982
JH Kim
Summary
- U.S. Strategic Petroleum Reserve (SPR) inventories fell to 283.8 million barrels last week.
- According to Walter Bloomberg, crude inventories in the U.S. Strategic Petroleum Reserve stood at 283.8 million barrels last week.
- That marked the lowest level since 1982, reducing the buffer available to respond to emergencies such as oil supply disruptions.
Forecast Trend Report by Period
U.S. Strategic Petroleum Reserve inventories fell to 283.8 million barrels last week.
Walter Bloomberg reported on September 28 that crude stockpiles in the U.S. Strategic Petroleum Reserve stood at 283.8 million barrels last week.
That was the lowest level since 1982.
The Strategic Petroleum Reserve is the U.S. government's emergency crude oil stockpile used to respond to oil supply disruptions and other emergencies.
JH Kim
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