U.S. Strategic Petroleum Reserve Falls to 282.6 Million Barrels, Lowest Since 1982
Summary
- U.S. Strategic Petroleum Reserve (SPR) inventories fell to 282.6 million barrels, the lowest level since 1982.
- U.S. Strategic Petroleum Reserve inventories were tallied at below 300 million barrels.
- The size of the inventory decline and the specific cause of the drop were not provided.
Forecast Trend Report by Period
U.S. Strategic Petroleum Reserve inventories fell to 282.6 million barrels, the lowest level since 1982.
Walter Bloomberg reported on October 26 that U.S. Strategic Petroleum Reserve stockpiles totaled 282.6 million barrels last week.
That was the lowest level since 1982, leaving U.S. emergency crude reserves below 300 million barrels.
The report did not specify the size of the decline or the reason for the drop.
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