US strategic oil reserves down to 1983 level – minimum values up to 378.3 million barrels, reports DEA News With reference to the Energy Information Administration’s weekly review of the US Department of Energy.
In the last week since December 16, reserves have been drained by 3.6 million barrels. According to the American Petroleum Institute, US crude inventories have increased by 14 million barrels this year.
However, the volume of oil stored in national strategic oil reserves decreased by 211 million barrels, almost 15 times lower than the previous year. The buildup of commercial crude oil stockpiles only came after the Department of Energy released 4.7 million barrels from strategic oil reserves in the week to December 9, leaving only 382 million barrels in reserve.
Previously recognizedHe said the United States plans to buy 3 million barrels of oil to replenish the country’s strategic reserves.