EIA: SPR Crude Falls to 285M bbl, Lowest Since 1982


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- U.S. Strategic Petroleum Reserve crude oil 
inventories declined further during the week ended September 11, falling to 285 
million bbl and marking the lowest level in nearly 44 years, according to 
Energy Information Administration data released Wednesday (9/16).

   SPR inventories fell by 400,000 bbl from 285.4 million bbl the previous 
week. The latest level was the lowest since the week ended November 5, 1982, 
when the reserve held 284.9 million bbl. By the following week, ended November 
12, 1982, inventories had increased to 286.198 million bbl, EIA historical data 
showed.

   Inventories were 120.8 million bbl, or 29.8%, below the 405.7 million bbl 
reported during the comparable week of 2025.

   The latest draw comes as crude deliveries from the reserve continue under an 
emergency exchange program launched earlier this year. The United States 
committed about 172 million bbl of SPR crude as its contribution to a 
coordinated 400 million bbl emergency stock release by International Energy 
Agency member countries.

   Unlike an outright sale, barrels released through the exchange are expected 
to be returned to the SPR. Companies receiving the crude are required to 
replace the borrowed volumes and provide additional barrels as a premium under 
the terms of the exchange, allowing the reserve to receive more crude than was 
initially delivered.

    




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