The U.S. Strategic Petroleum Reserve holds crude oil barrels in underground salt caverns at four leading oil storage facilities in the U.S. Gulf Coast, in Texas and Louisiana. The SPR is a supply of the energy commodity to reduce the impact of disruptions in supplies of petroleum products and carry out the obligations of the United States under the international energy program. The U.S. government owns the SPR, with a total capacity of approximately 714 million barrels. On April 14, 2023, the U.S. SPR stood at 368 million barrels, the lowest level in four decades.
Huge SPR sales since the end of 2021
