US to Release First Batch of 45 Million Barrels from Strategic Petroleum Reserve

MaticHoleFiller · 2026-03-21T01:25:07+00:00

The U.S. plans to release approximately 45 million barrels of crude oil from the Strategic Petroleum Reserve in the first phase to curb fuel price increases. This move is part of a 172 million barrel emergency release plan pushed by the Trump administration, aimed at reducing energy costs.

MaticHoleFiller

2026-03-21 01:25:07

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An insider revealed that the United States plans to release approximately 45 million barrels of crude oil from the Strategic Petroleum Reserve during the first phase of inventory release, aiming to curb rising fuel prices.

The individual requested anonymity as the information has not been publicly disclosed.

Last week, the Trump administration announced that a total of 172 million barrels of crude oil would be urgently released from the Strategic Petroleum Reserve. This is part of a relief plan coordinated by the International Energy Agency to reduce energy costs.

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Editor: Wang Xuning

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