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What is the Strategic Petroleum Reserve (SPR)?

WASHINGTON, Dec 16 (Reuters) - The U.S. Energy Department said on Friday it will begin buying back oil for the Strategic Petroleum Reserve, or SPR, the first purchase since this year's record 180 million barrel release from the stockpile. The department will buy up to 3 million barrels for delivery in February, a senior official told reporters.

How much oil was exported from the Strategic Petroleum Reserve?

More than 5 million barrels of oil from the US Strategic Petroleum Reserve were exported to Asia and Europe last month, Reuters first reported . Among the shipments were two cargo ships carrying 560,000 barrels each from Atlantic Trading & Marketing, part of France's TotalEnergies, according to Reuters.

Will Biden veto the Strategic Petroleum Reserve?

REUTERS/Adrees Latif/File Photo WASHINGTON, Jan 23 (Reuters) - President Joe Biden will veto a bill by U.S. House of Representatives Republicans on the Strategic Petroleum Reserve (SPR) if it passes Congress, Energy Secretary Jennifer Granholm said on Monday.

Where is the Strategic Petroleum Reserve in Texas?

FILE PHOTO: A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson Reuters


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