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Refilling the Strategic Petroleum Reserve offers chance to recalibrate its size
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.
Journal Article
Why Have a Strategic Petroleum Reserve?
Calculating the effect of the recent drawdowns from the U.S. SPR is complex and raises the question of what purpose the SPR serves under current conditions.
Journal Article
Tapping the SPR
Journal Article
China's strategic petroleum reserve: a drop in the bucket