ABSTRACT

Strategic Petroleum Reserve Oil Releases: October 2021 Through October 2022 [April 22, 2022]   [open pdf - 779KB]

From the Document: "The Biden Administration announced plans to release up to 260 million barrels of crude oil from the U.S. Strategic Petroleum Reserve [hyperlink] (SPR) from October 2021 through October 2022. Oil stocks in the SPR were approximately 618 million barrels [hyperlink] at the end of September 2021. Releases planned during this period include exercise of three SPR authorities: (1) mandatory sales, (2) exchanges, and (3) emergency sales. Each release type differs in terms of congressional authority, use of funds, and replacing released barrels."

Report Number:
CRS Insight, IN11916
Author:
Publisher:
Date:
2022-04-22
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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