US emergency oil reserve falls below 300M barrels for first time since 1980s

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White House Headlines - August 10, 2026

White House Headlines - August 10, 2026

The U.S.’s emergency oil reserve has fallen below 300 million barrels of oil for the first time since it was being filled decades ago.

New Energy Department data shows that the Strategic Petroleum Reserve (SPR) contained 298.7 million barrels as of Friday.

The last time the level was below 300 million barrels was in the early 1980s. 

The drop is not a surprise, as the Trump administration announced in March that it would release 172 million barrels........

© The Hill