Recent U.S. legislation has directed the sale of more than 100 million barrels of oil from the Strategic Petroleum Reserve (SPR) in government fiscal years 2022 through 2027.

Based on legislated sales established in multiple acts of Congress, the SPR could decline by about 40% in the coming decade while still meeting requirements for petroleum import coverage, the EIA said.

Assuming no other legislation is passed over this period, the SPR could decline from 695 million barrels at the start of 2017, to about 410 million barrels at the star...

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