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U.S. Strategic Petroleum Reserve Drops to Lowest Level Since 1982

A thinner reserve cuts the government's ability to calm oil markets, threatens cavern and pump integrity, narrows legal options for routine releases.

U.S. Strategic Petroleum Reserve Falls to Lowest Level Since 1982

Kazakhstan Lowers 2026 Oil Target to 96 Million Tons After CPC Terminal Attacks

U.S.–Iran Standoff and Attacks Cut Hormuz Exports and Lift Oil Prices

Gulf Lease Sale Raises $82.7 Million but Attracts Only 69 Bids

Russia Bans Jet-Fuel Exports Until November to Protect Domestic Supplies

PDVSA Circulates Hard-Line Oil Contract That Clashes With U.S. Sanctions Rules

WestJet Adds $60 Fee to Companion Vouchers as Fuel Costs Rise

U.S. Awards First SPR Loans of 45.2 Million Barrels to Cool Oil Price Surge

Saudi Arabia Hosts Major Economic Summit Amid Regional Tensions

Biden Administration Halts Plans to Refill Strategic Petroleum Reserve