The U.S. Department of Energy has authorized the exchange of as many as 1M barrels from the Strategic Petroleum Reserve to ...

The U.S. Department of Energy has authorized the release of 1 million barrels from the Strategic Petroleum Reserve to address ...

The U.S. activates its Strategic Petroleum Reserve to counter refinery outages and Gulf Coast fuel threats. Discover the ...

A refinery in Louisiana will receive crude from the nation’s stockpile to help address offshore oil supply issues.

The Trump administration hasn't acted "immediately" to refill the reserve, as Trump said he would. But a fast refill is being prevented by maintenance concerns, and funding for both repairs and new ...

The U.S. Department of Energy announced Friday it has approved an exchange from the Strategic Petroleum Reserve, or SPR, with ...

The Department of Energy on Friday said it is providing ExxonMobil with up to 1 million barrels of crude oil from the federal ...

U.S. crude oil production drops for the third week in a row. The Energy Information Administration reports production last week averaged 13.38 million barrels per day. That's the first time since May ...

Oil prices remained flat as markets awaited President Trump’s upcoming statement on U.S. energy policy, including potential changes to sanctions and SPR management.

U.S. President Donald Trump's signature budget bill slashed funding for refilling U.S. emergency oil reserves, violating his ...

Energy Secretary Chris Wright authorized the exchange "to help maintain stable regional supply of transportation fuels across Louisiana and the broader Gulf Coast," the department said. It added that ...

WATCH: Biden announces release of 15 million barrels of oil from strategic petroleum reserve. The withdrawals have sent the nation's strategic reserve to its lowest level since 1984 in what the ...