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Biden Starts the Largest Drawdown in the Reserve's History
CONFIRMED88% CONFIDENCE4.6 years agoDOE's press release is dated 1 March 2022, the day the President authorised the release; the notice of sale followed on 2 March.[1]Four days after Russia invaded Ukraine, Biden ordered crude out of the SPR as the US share of an IEA release of 60 million barrels. It did not stop there: by that summer 180 million barrels had gone, the biggest emergency sale the reserve had ever made, and it left the stockpile at levels not seen since the 1980s.0.72Trump Orders 172 Million Barrels Out as Hormuz Chokes
CONFIRMED88% CONFIDENCE196 days agoDOE's press release carries Secretary Wright's statement and is dated 11 March 2026, the day the IEA agreed the collective release.[1]Thirty-two IEA member nations agreed on 11 March 2026 to release 400 million barrels between them after Iranian attacks slowed tanker traffic through the Strait of Hormuz. The American share was 172 million barrels, the largest US release ever ordered, and Secretary Wright said it would take about 120 days to deliver.0.67Desert Storm Triggers the SPR's First Emergency Drawdown
James Forrestal Building, 1000 Independence Avenue SW, Washington, D.C. 20585, United StatesUS Department of Energy
CONFIRMED87% CONFIDENCE35.7 years agoDOE dates the authorisation to Bush's address of 16 January 1991 and the last of the 17.3 million barrels to 3 April 1991; the pin's exclusive end is the following midnight UTC.[1]Hours after announcing allied air attacks on Iraq, President Bush ordered the first emergency sale in the reserve's history. The Energy Department released its sales notice on 17 January 1991 and eventually sold 17.3 million barrels to 13 companies, half of what it offered: bids for sour crude came in too low to accept.0.64Katrina Empties 11 Million Barrels From the Reserve
CONFIRMED88% CONFIDENCE21.1 years agoDOE dates the President's Finding of a Severe Energy[2][3] Supply Interruption to 2 September 2005; the White House fact sheet announcing the 30-million-barrel release is dated the next day.Hurricane Katrina shut in about half of US domestic oil production and knocked out refineries and import terminals, so on 2 September 2005 President Bush found a severe energy supply interruption and ordered a sale. DOE offered 30 million barrels and sold 11 million; the first oil left Bryan Mound on 26 September.0.62The Reserve Falls Below 300 Million Barrels, Its Lowest Since 1983
CONFIRMED88% CONFIDENCE44 days agoThe figure comes from the Energy[3] Department's weekly stocks data released on Monday 10 August 2026, as reported the same day.Weekly Energy Department data published on 10 August 2026 put the Strategic Petroleum Reserve at 298.7 million barrels, down 6.1 million in a week and the lowest reading in the EIA series since January 1983. The stockpile had held about 415 million barrels before the Iran war began.0.61The First 412,000 Barrels Go Underground at West Hackberry
CONFIRMED90% CONFIDENCE49.2 years agoDOE's own 40th-anniversary piece gives the day: "On July 21, 1977, the SPR received its first oil delivery."[1]The Strategic Petroleum Reserve took its first delivery on 21 July 1977: about 412,000 barrels of Saudi Arabian light crude, pumped into salt caverns near Lake Charles, Louisiana. Construction had started that April, when the government bought up existing caverns along the Gulf Coast rather than wait to dig its own.0.59West Hackberry Lends 26 Million Barrels of Sweet Crude
CONFIRMED88% CONFIDENCE159 days agoDOE's award announcement is dated 17 April 2026; the solicitation it answers was issued on 9 April 2026.[1]DOE had asked for up to 30 million barrels of sweet crude from West Hackberry on 9 April 2026; eight days later it awarded contracts for 26 million of them, with deliveries starting at once. By then more than 10 million barrels of the wider exchange had already reached the market.0.58DOE Puts 86 Million Barrels Up for Exchange at Once
CONFIRMED92% CONFIDENCE194 days agoDOE's press release announcing the RFP is dated 13 March 2026 and gives the bid deadline of 5:00 p.m. CT on 17 March 2026.[1]The first tranche of the 172-million-barrel release went out as a request for proposals on 13 March 2026, covering 86 million barrels from Bryan Mound, West Hackberry and Bayou Choctaw. Bids were due the following Tuesday, and the borrowers must hand the oil back with extra barrels on top.0.58Sable Offshore Reports Q2 2026 Results, Its First Full Quarter of Oil Sales
CONFIRMED84% CONFIDENCE44 days agoStated as done: the release, datelined "Houston, August 10, 2026", says Sable "today announced its second quarter 2026 financial and operational results"; timed to the Item 2.02 8-K carrying it, accepted by EDGAR at 21:23 UTC.[1]Sable Offshore reported $137.1 million of revenue and $9.4 million of operating cash flow for the second quarter of 2026, its first full quarter of sales since the Santa Ynez Unit restart, and ended June selling about 40,000 net barrels of oil a day.0.58Maersk Peregrino FPSO Begins Producing Oil at Brazil's Peregrino Field
ESTIMATED70% CONFIDENCE15.5 years agoOffshore Technology[2] and Offshore magazine both report first oil from the Peregrino field was achieved in April 2011, but neither publishes the exact day.Keppel Shipyard converted the VLCC Maersk Nova into the Maersk Peregrino FPSO, and the converted supertanker began pumping oil at the Peregrino field 85km off Rio de Janeiro in April 2011.0.58
