U.S. President Donald Trump's signature budget bill slashed funding for refilling U.S. emergency oil reserves, violating his ...

According to data from oil service provider Baker Hughes, the number of active oil rigs in the US fell by a further six last ...

Between March 4 and Oct. 14, the U.S released 172.4 million barrels, according the the U.S. Energy Information Administration. How much oil is in the Strategic Petroleum Reserve in 2022 ...

In this article, we are going to discuss the 15 states with the largest oil reserves in the US. You can skip our detailed analysis of the economic contributions of the American oil and gas sector ...

When the US releases oil from the reserves, the Department of Energy sells the crude in an auction to the highest bidder. At its peak in 2009, the SPR held 727 million barrels of crude oil.

U.S. emergency crude oil stocks fell 8.4 million barrels last week to 434.1 million barrels, their lowest since October 1984, according to U.S. Department of Energy (DOE) data released on Monday.

Arathy Somasekhar, Reuters, "U.S. emergency oil reserves tumble to lowest since 1984," Sept. 12, 2022 Emails from Chris Higginbotham at U.S. Energy Information Administration Media Relations, Jan ...

Proved reserves of US crude oil and lease condensate increased by 6.2 billion bbl (+16%) to 44.4 billion bbl at yearend 2021 from 38.2 billion bbl at yearend 2020, according to the US Energy ...

WASHINGTON — The Biden administration said Friday it is buying 3 million barrels of oil to begin to replenish U.S. strategic reserves that officials drained earlier this year in a bid to stop ...

Montana’s proved oil reserves have increased by almost 11% over the last 5 years, putting it among the U.S. States with the Largest Petroleum Reserves. 11. Ohio ...