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."