US announces another drawdown of Strategic Petroleum Reserve before October 1st
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Based on official announcements of department of energy or other relevant authorities.
- President Trump authorized the Department of Energy to release 172 million barrels from the Strategic Petroleum Reserve, beginning next week.
- This will take approximately 120 days to deliver based on planned discharge rates (March 11th, https://www.energy.gov/articles/united-states-release-172-million-barrels-oil-strategic-petroleum-reserve)
- The US Strategic Petroleum Reserve as of July 10th is 316.5 million barrels, down from 415 million pre-war.
- The past weeks have seen decreases of 5-9 millions a week.
- Some historical trends at https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=mcsstus1&f=m, note that this is in thousands of barrels)
