US Strategic Petroleum Reserve Drawdown Crisis
The developments in this story so far, most recent first.
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Milestone
ABD'nin petrol rezervlerinde 43 yıl sonra bir ilk
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· date approximate Background
The International Energy Agency announced a coordinated release of 400 million barrels from member countries' strategic reserves on March 11, 2026.
On March 11, 2026, the International Energy Agency (IEA) launched the largest coordinated strategic stock release in its history. As part of this decision, member countries moved to supply a total of 400 million barrels of oil to the market.
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· date approximate Background
The US and Israel launched attacks against Iran on February 28, 2026, disrupting oil shipments through the Strait of Hormuz.
On February 28, 2026, the United States and Israel launched attacks against Iran. Following these attacks, disruptions occurred in oil shipments through the Strait of Hormuz.
The disruptions in the Strait of Hormuz cut the global supply of crude oil and petroleum products by approximately 20 million barrels per day. The International Energy Agency (IEA) launched the largest coordinated strategic stock release in its history, deciding that member countries would supply a total of 400 million barrels of oil to the market.
According to EIA data, the first decline in US strategic petroleum reserves following the attacks on Iran was observed during the week of March 21-27. The reserve level of 304,809,000 barrels was the lowest since the week of February 19-25, 1983, when it was 305,348,000 barrels. The reserves were established following the oil crises of the 1970s to provide security against potential supply disruptions.
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· date approximate Background
US strategic petroleum reserves reached a historical peak of 726.6 million barrels in early 2010.
In early 2010, the US strategic petroleum reserves reached a historical peak of 726,617,000 barrels.
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· date approximate Background
The EIA began publishing weekly data on US strategic petroleum reserves in August 1982.
Since August 1982, the US Energy Information Administration (EIA) has been publishing weekly data regarding strategic petroleum reserves.
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· date approximate Background
The US Strategic Petroleum Reserve was established in response to the 1970s oil crises.
The US strategic petroleum reserves were established in the wake of the oil crises that occurred during the 1970s. This measure was taken to provide security against potential disruptions in the supply of oil.