Global Oil System Prevented Shortages by Draining One Billion-Barrel Buffer
The global oil system prevented widespread gasoline, diesel and jet-fuel shortages after losing more than 1 billion barrels of supply,…
energy-security
European Union Russian Gas Ban Forces 15-Million-Tonne Winter Supply Replacement
The European Union’s Russian gas ban has no simple pause button. When the prohibition on long-term Russian liquefied natural gas…
DOE Offers 40 Million Strategic Reserve Barrels, With Refill Later
The U.S. Department of Energy has solicited an exchange of up to 40 million barrels of crude oil from the…
U.S. Strategic Petroleum Reserve Holds 411 Million Barrels, 125 Net-Import Days
The U.S. Strategic Petroleum Reserve held 411 million barrels of crude oil on December 31, 2025, according to the Energy…
Strategic Petroleum Reserve Holds 411 Million Barrels, or 125 Import Days
The U.S. Strategic Petroleum Reserve held 411 million barrels of crude oil on December 31, 2025, according to the Energy…