Refilling the Strategic Petroleum Reserve offers chance to recalibrate its size

Abstract: A series of emergency drawdowns, exchanges and planned sales since 2020 have reduced crude oil inventories held by the U.S. Strategic Petroleum Reserve to a 40-year low. Calls to fully refill the SPR in recent months raise important questions.

Keywords: energy; international economics; Strategic Petroleum Reserve;

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Bibliographic Information

Provider: Federal Reserve Bank of Dallas

Source: Dallas Fed Economics

Publication Date: 2023-10-03