US considering selling oil from strategic reserve, US energy chief says - Reuters
Quick Insights
The Bottom Line
The US is considering selling oil from its Strategic Petroleum Reserve to manage supply and prices.
How This Affects You
This action could help stabilize or lower gasoline prices at the pump, potentially saving you money on fuel costs.
AI Summary
The US is considering selling oil from its Strategic Petroleum Reserve (SPR), according to the US energy chief. This potential action comes as the administration evaluates various options regarding energy supply and market stability. Such a sale would aim to influence domestic oil prices or address supply concerns. The decision would impact global energy markets and the nation's strategic oil reserves.
What's Being Done
The US is considering selling oil from its Strategic Petroleum Reserve to manage supply and prices.
Source Coverage Map
6 of 43 tracked sources covered this story
Following this story?
Get notified when new coverage appears
Other Sources Covering This Story
5 sourcesMultiple outlets have reported on this story. Compare perspectives from different sources.
This article is part of a story we're tracking:
Should this be getting more attention?
You Might Have Missed
Related stories from different sources and perspectives
PoliticsUS to release 172 million barrels of oil from strategic petroleum reserve - Reuters
<a href="https://news.google.com/rss/articles/CBMitAFBVV95cUxNbE1OVmJKOVFvZXRRU2JycHNBXy1ycjdJdTY5SFJYY2pkeHJwVy13ZkJJQk5ZY3VzTGlCVm9hMVBVZ0hZY1NSWlNBUWlLRkpqa0JqUmNOcjBJZlZpSUc3aHBQWGQ1czFNaVBvRU9wWTYwQ0NWTFBFRmlLd2JJMjgtcWV4OXRlWWZvakJ6TDJvUWNCY2hhVjZCbktXcWNCVS16VENVSERhdnQ0NmRoNjVFM3FXTDc?oc=5" target="_blank">US to release 172 million barrels of oil from strategic petroleum reserve</a> <font color="#6f6f6f">Reuters</font>
GlobalG7 energy ministers stop short of oil reserves release, ask IEA to study options - Reuters
<a href="https://news.google.com/rss/articles/CBMilAFBVV95cUxQc0hPclltSkJSRWZYLXNSaHdNejZIMC1SY0FPOHIwbjJfRGhvZ092SkhlRGFhcmNxczRnVDZ0Q3MxaXZYREZFN2s2ZVExZEZiRC1Qd0VvMHFvTUpRSzlJdXBGWUJGSzdTR0EtWXhEYy1fZWFSdlRINUJya3cyR0pBcTBHMVczZGRuaEJmNmQ5emU4c1g1?oc=5" target="_blank">G7 energy ministers stop short of oil reserves release, ask IEA to study options</a> <font color="#6f6f6f">Reuters</font>
GlobalU.S. to release 172 million barrels of oil from Strategic Petroleum Reserve as prices surge
Energy Secretary Chris Wright said Wednesday that the United States will release 172 million barrels from the Strategic Petroleum Reserve as part of the International Energy Agency's efforts to combat steep oil prices amid the Iran war.
GlobalEU chief says turning away from nuclear energy was 'a strategic mistake'
As the Iran war continues to disrupt oil supplies from the Middle East, Paris hosted a summit aiming to boost the use of civilian nuclear energy. Announcing a plan to provide a €200 million guarantee for innovative nuclear technologies, European Commission President Usrula von der Leyen said it was a strategic mistake for the continent to reduce the share of nuclear power in its energy mix.
PoliticsU.S. releasing 172 million barrels of oil from reserve
The Trump administration announced Wednesday that it would release 172 million barrels of oil from the Strategic Petroleum Reserve. James Bikales, energy reporter for Politico, joins CBS News to discuss what impact that may have on gas prices.
GlobalWhy Oil Prices Surged Even After the Release of Strategic Reserves
Reserves or no reserves, the outlook remains bleak as long as a major oil and gas trade route remains virtually closed.
Judge blocks Trump administration's subpoenas against Fed Chair Powell
A federal judge blocked two grand jury subpoenas against Federal Reserve Chair Jerome Powell on Friday. Chief Judge James Boasberg wrote that "the Government has offered no evidence whatsoever that Powell committed any crime other than displeasing the President."
Did this story change how you see things?
Stories like this only matter when people see them. Help us get verified journalism in front of more eyes.
The Verity Ledger curates verified investigative journalism from trusted sources only.
See our sourcesMost Read This Week
Whitmer's office calls for probe into why weather service didn't issue tornado watch - The Detroit News
Defense official reveals how AI chatbots could be used for targeting decisions
Rubio designates Afghanistan as ‘state sponsor of wrongful detention’
Senate Democrat calls for investigation into Texas drone incidents
WADA to weigh barring Trump, US officials from LA Olympics and possibly World Cup over unpaid dues - AP News
