Learn more about Petroleum Reserves

Purchase of 3 Million Barrels Advances Efforts to Replenish Reserves at a Good Deal for American Taxpayers, Maintain the SPR’s Operational Readiness, and Protect the Nation’s Energy Security.

The Office of Petroleum Reserves announced that contracts have been awarded for the purchase of crude oil from the Strategic Petroleum Reserve (SPR) to meet its Congressional obligation to sell 26 million barrels in Fiscal Year 2023.

The Office of Petroleum Reserves announced a Notice of Sale to meet its obligation to Congress to sell 26 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) in Fiscal Year 2023.

First Fixed Price Replenishment is an Opportunity to Secure a Good Deal for Taxpayers and Strengthen Energy Security

On December 16, U.S. Secretary of Energy Jennifer M. Granholm authorized the Strategic Petroleum Reserve (SPR) to conduct an exchange of 2,300,000 barrels of crude oil from the SPR.

Releases Are Part of President Biden’s Continued Action to Protect American Consumers, Address the Global Supply Disruption Caused by Putin’s Energy Price Hike, and Enhance Energy Security

DOE Will Issue Notice of Sale for Crude Oil from the Strategic Petroleum Reserve, Finalizes Rule to Replenish This Critical Tool for Addressing Global Supply Disruption and Enhancing Energy Security

The U.S. Department of Energy (DOE) today announced that contracts have been awarded for the purchase of crude oil from the Strategic Petroleum Reserve (SPR) following a Notice of Sale announced on September 19, 2022.

Notice is Part of Biden-Harris Administration’s Continued Action to Protect American Consumers and Address the Global Supply Disruption Caused by Putin’s Energy Price Hike

The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) today announced an additional Notice of Sale of up to 20 million additional barrels of crude oil from the Strategic Petroleum Reserve (SPR).