The U.S. Strategic Petroleum Reserve has fallen to approximately 316.5 million barrels, its lowest level since 1983, according to an open-source intelligence monitoring account. The report attributes the depletion to the ongoing conflict with Iran and the administration's efforts to manage domestic oil prices.
The reported figure follows a period of sustained draws on the U.S. Strategic Petroleum Reserve (SPR). As The Zioneer reported on July 23, the SPR stood at 311.5 million barrels as of the week ending July 17, the lowest since March 1983. The latest report, from an open-source monitoring account, puts the current level at 316.5 million barrels, a slight increase from that official data. The depletion is attributed to the administration's policy of releasing crude to stabilize fuel prices amid the ongoing military conflict with Iran.
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Source and signal
A single-sourced dispatch is never rated Confirmed or Strong. Its Signal strengthens only when a second, independent source corroborates it.
- Open-source intake