Skip navigation

Column: Despite fiscal cliff, U.S. should not sell SPR - Kemp

LONDON (Reuters) - Now that domestic oil production is rising and imports are falling, should the United States reduce the amount of emergency oil it holds in giant salt caverns along the coast of Louisiana, or at least switch from stockpiling crude to holding refined products like gasoline, jet fue Full story

U.S. oil sale helps SPR to fight cavern shrinkage

WASHINGTON (Reuters) - Last year's sale from U.S. emergency crude oil reserves has helped battle shrinking capacity or "creep" at the 62 salt caverns in Texas and Louisiana that form the Strategic Petroleum Reserve, the Energy Department's inspector general said on Tuesday. Full story

Pickens Would Tap Half of SPR

   What's behind oil's freefall, with Boone Pickens, BP Capital founder. "We have enough oil, we've got 750 million barrels in the Strategic Petroleum Reserve. I would start looking at that to take maybe half of that out of there," he says. "We don't need...

Tapping the SPR? Oil's Magic Number

   Oil prices are edging higher as unrest increases in the Middle East. What number does oil have to hit before the President releases the nation's Strategic Petroleum Reserve? CNBC's Kate Kelly reports the details.

Brent steadies above $113 ahead of U.S. jobs data

SINGAPORE (Reuters) - Brent futures steadied above $113 a barrel on Friday ahead of a U.S. jobs report that will gauge the economic health of the world's biggest oil consumer as it considers a release of emergency oil reserves, potentially much larger than the last. Full story

U.S. has not received more requests SPR oil after Isaac-source

WASHINGTON (Reuters) - The U.S. government has not received more requests for emergency oil loans in the wake of Hurricane Isaac after granting one to a refiner last week, a government source who declined to be identified said on Tuesday. Full story

Sponsored Links

Articles

U.S. loans emergency oil to refiner after Isaac

Tapping SPR an option, no announcement to make: White House

Video

  Kudlow: Obama & Oil

CNBC's Larry Kudlow weighs in on the week in energy, including continued reports of a coordinated effort between the U.S., England and France to release oil from the Strategic Petroleum Reserves.

advertisement | ad info

Related Photos

Private security contractors patrolling the U.S. Department of Energy's Strategic Petroleum Reserve
Private security contractors patrolling the U.S. Department of Energy's Strategic Petroleum Reserve

Private security contractors patrol the U.S. Department of Energy's Strategic Petroleum Reserve in Bryan Mound, Texas in this May 20, 2008 file photo. Oil prices tumbled more than 6 percent on June 23, 2011 after the world's consumer nations banded together to aid the global economy by releasing