Strategic Petroleum Reserve (SPR) Archives

Energy Secretary Wright: Oil prices low, ’great time to be a buyer’

October 22, 2025

(Investing)– U.S. Energy Secretary Chris Wright said Wednesday that current oil prices are low, making it a “great time to be a buyer” as he discussed plans to replenish the Strategic Petroleum Reserve (SPR). Speaking on Fox News, Wright indicated the government will “gradually fill the Strategic Petroleum Reserve up,” following the Department of Energy’s announcement Tuesday of a solicitation to

Trump will buy 1 MMbbl to help replenish Strategic Petroleum Reserve

October 22, 2025

(World Oil) – The Trump administration is taking advantage of low oil prices and buying 1 MMbbl to start refilling the nation’s depleted emergency crude supply. The Energy Department announced Tuesday that it plans to buy oil for delivery in December and January, using a portion of the $171 million from President Donald Trump’s signature tax and spending law

US will not complete oil deliveries into its reserve until year-end

June 27, 2025

(BOE Report) – The U.S. will not complete scheduled deliveries of crude oil into the Strategic Petroleum Reserve until the end of the year due to maintenance, as much as seven months behind schedule, the Department of Energy said on Thursday. Former President Joe Biden’s administration scheduled 15.8 million barrels of deliveries to the SPR from January through May. So

Strategic Petroleum Reserve (SPR)

Energy Secretary Wright: Oil prices low, ’great time to be a buyer’

Trump will buy 1 MMbbl to help replenish Strategic Petroleum Reserve

US will not complete oil deliveries into its reserve until year-end

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