SECURITYQUARTZ
The U.S. emergency oil reserve has drained to its lowest level since 1983
The U.S. emergency oil reserve has reached its lowest level since 1983, dropping to 311.4 million barrels last week. This decline is due to a 172 million-barrel emergency release linked to the war with Iran.
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Adjacent reporting
- America’s emergency oil reserve is about to hit its lowest level since Reagan was in office
- US strategic oil reserve hits lowest level since 1983
- The U.S. oil reserve is at a 40-year low — but the government says there’s still plenty of breathing room
- US oil reserve at half its normal levels, facing operational failure: bombshell watchdog warning