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Published 27 days ago

US Cancels Latest Oil Reserve Refill Plan Amid High Prices

  • The Biden administration is pausing the replenishment of the Strategic Petroleum Reserves due to high oil prices.
  • The SPR reserves were significantly drained to lower gas prices, leading to criticism from Republicans.
  • Despite plans to refill the SPR by the end of the year, price volatility and criticism have hindered further purchases.
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Washington ExaminerWashington Examiner

Biden administration cancels purchase for Strategic Petroleum Reserve, citing high prices

The Energy Department canceled a planned buyback for the SPR because of high oil prices.

27 days ago·Washington, United States
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Financial PostFinancial Post

US Cancels Latest Oil Reserve Refill Plan Amid High Prices

(Bloomberg) — The Biden administration won’t move forward with its latest plans to buy oil for the Strategic Petroleum Reserve amid rising prices.

27 days ago·Canada
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The Daily CallerThe Daily Caller

Biden Admin Abandons Latest Attempt To Refill Strategic Oil Reserves Due To High Prices

The Biden administration passed on an opportunity to buy oil to replenish the strategic petroleum reserve (SPR) on Tuesday, citing high prices.

27 days ago·Washington, United States
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BloombergBloomberg

U.S. Cancels Latest Oil Reserve Refill Plan Amid High Prices

The Biden administration won’t move forward with its latest plans to buy oil for the Strategic Petroleum Reserve amid rising prices.

27 days ago·United States
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The Gateway PunditThe Gateway Pundit

BREAKING: After Draining Strategic Petroleum Reserve to Lowest Level in 40 Years, Biden CANCELS Plan to Refill it Because Oil is "Way Too Expensive"

The Biden Regime canceled its plan to refill the Strategic Petroleum Reserve because oil is “way too expensive.” Biden drained the U.S.

27 days ago·United States
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Oil & Gas 360Oil & Gas 360

Biden administration cancels 3 MMbbl Strategic Oil Reserve refill as oil breaks over $85

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

26 days ago·Denver, United States
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