What is the current level of crude oil in the U.S. Strategic Petroleum Reserve, and how does it compare historically?

Crude oil stocks in the U.S. Strategic Petroleum Reserve (SPR) have fallen to 325.7 million barrels — the lowest level since May 1983 — after a drawdown of 5.5 million barrels, according to U.S. Department of Energy data.

Why is the U.S. releasing oil from the Strategic Petroleum Reserve, and how much has been committed?

The drawdowns are part of a U.S. agreement to release 172 million barrels from the SPR to address a global inventory shortfall caused by the Iran war and to help reduce fuel prices.

Oil stocks in US Strategic Petroleum Reserve fall by 5.5 million to lowest level since 1983

Jun 29, 2026

U.S. Strategic Petroleum Reserve crude oil stocks fell 5.5 million barrels to a 1983 low, part of a 172-million-barrel release agreement intended to plug global inventory gaps amid the Iran conflict.

reuters

2026-06-29

Oil stocks in US Strategic Petroleum Reserve fall by 5.5 million to lowest level since 1983

Oil stocks in US Strategic Petroleum Reserve fall by 5.5 million to lowest level since 1983

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