From United Press International (also on blogroll at right) November 8:
The U.S. Department of Energy said Friday that 200 million barrels of oil have been bought and delivered for the strategic oil reserve.
The last purchase of 2.4 million barrels will arrive in the spring, putting 20 million more than the 180 barrels sold in 2022 back into the Strategic Petroleum Reserve.
The final oil purchase is set to be delivered between April 1 and May 31. The average price, according to DOE, was $74.75 per barrel....
....MUCH MORE
The administration is playing fast and loose with the numbers. That 180 million barrel figure means they are counting oil that is already in the SPR, which is still a long way from the 638.1 million barrels in the reserve on January 20, 2021.
As of November 1, 2024 the amount in storage was 387.2 million bbl. per the EIA:
Weekly Ending Stocks of Crude in the SPR
| 2021-Jan | 01/01 | 638,085 | 01/08 | 638,085 | 01/15 | 638,085 | 01/22 | 638,086 |
| 2024-Nov | 11/01 | 387,223 |
TABLE and CHART, weekly from August 20, 1982
