Trending News: Liberia Signs Mou With AfriLight Energy For 50 MW Solar Power Plant And Battery Storage ProjectRWE and PPC Commission 930 MW Solar Portfolio in Greece, Advance Nearly 1 GW of Operational CapacityChirayu Power Pvt. Ltd. Honoured for Innovation in Project Execution through Integrated Technology Solutions at Contractors Excellence Awards 2026Duke Energy to Terminate North Carolina Offshore Wind LeaseAI Will Drive a Strong US Earnings Season, Goldman’s Snider SaysOil Stocks in US Strategic Petroleum Reserve Fall by 5.5 Million to Lowest Level Since 1983Mediators Set Up De-Escalation Channels Ahead of US-Iran Talks, Source SaysCOMMENTARY: Data Centers Aren’t the Real US Power Problem. Outdated Policy is – Douglas J. ArentU.S. Pipeline Giant Eyes $5.5 Billion Deal to Expand LNG ReachStrait of Hormuz Tanker Traffic Slows After Fresh U.S.-Iran StrikesOil Prices Climb as U.S.-Iran Flare-Up Shakes Market ComplacencyPakistan LNG Seeks Emergency Cargo After Weekend Hormuz Flare-UpGulf Producers Race to Load Oil and LNG as Hormuz Stays OpenPakistan Plans to Boost LPG Imports and Mulls Cheaper Oil Supply from IranPhilippines Becomes World’s Top Solar Panel BuyerNext UK Prime Minister urged to tackle industrial energy costsScotland could meet half of gas demand and add £10bn to economy with biomethaneSpain awards €119m for CO2 capture project at El Bierzo cement plantBaker Hughes wins long term Nigeria LNG servicing dealOccidental’s New CEO Tested by Debt, Lagging Stock Price and Big Dividend Payments to BerkshireStalled Trump Administration Permits Threaten $121 Bln in Wind and Solar Investment – ReportOil Steadies as US and Iran Agree to Halt AttacksCanada and Japan Consider Joint Critical Mineral Projects to Counter ChinaEquinor Pulls Out of Japan’s Offshore Wind MarketAustralian Gas Exploration Surges as Energy Security Takes Center StageChina’s LNG Buying Rebounds as Summer Power Demand SurgesMiddle East Oil Production Rebounds to 15 Million BpdOil Price Bubble Has BurstPace Digitek’s Lineage Power Secures 3 GWh LFP Battery Cell Supply Deal With RJE Tech For BESS ExpansionDeep Sky delivers North America’s first certified DAC carbon removal creditsIbraco Signs 100 MW Solar PPA With Syarikat Sesco For Sarawak ProjectSerentica Renewables to Invest ₹1 Lakh Crore in Rajasthan, Expands Renewable Energy and BESS PortfolioUnlocking bio-hydrogen from cellulosic wasteUcaneo to launch Germany’s first integrated DAC facility in BerlinIFC Invests $10 Million In Crossboundary Access To Expand Renewable Energy Across Sub-Saharan AfricaChirayu Power Pvt. 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Honoured as Best EPC Company of the Year – Commercial & Industrial (Platinum) at Contractors Excellence Awards 2026Saskatchewan raises nearly C$16m from first helium public offeringVideo | Why India is investing in modern hospital gas systemsIndia commissions nuclear heat-powered hydrogen production facilityIndustry bodies urge GHG Protocol to account for market realitiesMitsubishi Gas Chemical eyes Australian natural hydrogen for methanol productionIN TALKS: Williams in Talks on $5.5 Billion Deal for Momentum Midstream – ReportChina Isn’t Giving Up On Coal Despite Green Energy GoalsEYEING MORE: Chevron Eyes More Deals to Power US Data CentersIndia inaugurates nuclear-powered hydrogen production facilityBlykalla teams up with Hitachi for SMR deploymentOil and mining giants among firms exploring nuclear’s industrial use potentialRolls-Royce SMR plans manufacturing development centre in DerbyAfrigen Energy Invites Investors and Strategic Partners for Financing of 50 MW Private Solar PV ProjectGlobal Utilities and Manufacturers Unite to Strengthen Grid Supply Chains Amid Rising Electrification DemandInfinity Power Selects AIKO as Sole PV Module Supplier for Egypt’s 1.2 GW Nefer Menya Solar and 600 MWh Battery Storage ProjectOil Prices Dive as More Tankers Move Through Strait of HormuzAMERICAN ENERGY SNAPSHOT: America’s Strategic Petroleum ReserveMagnolia Oil & Gas Is in Lead to Acquire WildFire for Over $4 BillionUS Natural Gas Drops on Cooler Outlooks as July Contract ExpiresUS Energy Firms Add Most Rigs in a Week Since June 2022, Baker Hughes SaysUS Diesel Refining Economics Remain Firm Despite Iran War TruceUS Refining Capacity Fell by 263,000 Barrels Per Day in 2025, Says EIAQatar Offers First Crude Loadings to Buyers Since War BeganChina’s Crude Imports Set to Hit Weakest Level Since 2016Kazakhstan Cuts Gas Output after Drone Strike on Russian Processing PlantHormuz Shipping Confidence Is Still ShakySaudi Arabia Set to Slash Oil Prices as Hormuz ReopensBaghdad Hosting EU Energy Talks After Iraq Floats OPEC ExitUS electricity demand to rise 21% by 2030Oil Set for Hefty Weekly Losses as Tankers Exit Strait of HormuzTrump Clean Energy Tax Credit Cutoff Drives Project Rush as Prices Set to SoarPodcast | AI, semiconductor growth & the future of specialty gasesWill Europe’s new Biomethane Mechanism make a difference?Sasol, Topsoe to dissolve Zaffra SAF joint ventureCanada waste-to-energy project grapples with carbon price pressuresAustralia Awards 15 Battery Storage Projects Under CIS Tender 8, Adding 4.2 GW/16.1 GWh CapacityB.Grimm Power Subsidiary Acquires Future Green Tech to Expand Solar Power PortfolioSalzgitter Signs Long-Term Green Hydrogen Supply Deal with EWE to Advance Low-Carbon Steel ProductionADB Approves $57.4 Million To Expand Rooftop Solar And Virtual Net Metering In Sri LankaHero Future Energies Opens New Corporate Headquarters in Aerocity to Support Global Renewable Energy ExpansionPowerCell wins 4MW contract to power Norwegian liquid hydrogen cargo shipsMajor Saudi Oil Terminal Roars Back to Life as Gulf Supply Recovery AcceleratesGas Prices Are Falling. Your July 4 Fill-Up Still Won’t Feel Cheap.SpaceX Wants to Fuel Its Mars Ambitions With Its Own Gas PipelineOil Heads for Weekly Loss as Hormuz Tanker Traffic ReboundsQatar’s LNG Recovery Picks Up Speed as Tankers Mass at Ras LaffanWhy Is Oil Trading Down Today?Security and sustainability clash in Ireland FSRU plansSecurity and sustainability clash in Ireland FSRU plansVideo | The trends shaping medical gas systems in EuropeCargo ship attack underlines strait volatilityTubing and fitting installation: Preventing leaksCPH2 terminates first commercial 1MW membrane-less electrolyser dealOMV Petrom receives all 20MW electrolysers for Romanian clean fuel plantUS Oil’s Wildcat Tendencies Sputter OutRapid US Grid Growth Could Rival Nation’s Largest System, Report SaysSpaceX Plans to Build ‘Starpipe’ Natural Gas Pipeline to Fuel Starship RocketsFire Extinguished at Monroe Energy’s Trainer Refinery in PennsylvaniaOil Prices Climb 2% After Cargo Ship Hit by Projectile Near OmanSecond Taipingling unit starts upSubstation damage delaying operation of repaired Zaporizhzhia power line, says IAEAUK completes return of high-level waste to GermanySogin begins re-encapsulation of uranium-thorium fuelUS uranium production up again
Tue. Jun 30th, 2026
Trending News: Liberia Signs Mou With AfriLight Energy For 50 MW Solar Power Plant And Battery Storage ProjectRWE and PPC Commission 930 MW Solar Portfolio in Greece, Advance Nearly 1 GW of Operational CapacityChirayu Power Pvt. Ltd. Honoured for Innovation in Project Execution through Integrated Technology Solutions at Contractors Excellence Awards 2026Duke Energy to Terminate North Carolina Offshore Wind LeaseAI Will Drive a Strong US Earnings Season, Goldman’s Snider SaysOil Stocks in US Strategic Petroleum Reserve Fall by 5.5 Million to Lowest Level Since 1983Mediators Set Up De-Escalation Channels Ahead of US-Iran Talks, Source SaysCOMMENTARY: Data Centers Aren’t the Real US Power Problem. Outdated Policy is – Douglas J. ArentU.S. Pipeline Giant Eyes $5.5 Billion Deal to Expand LNG ReachStrait of Hormuz Tanker Traffic Slows After Fresh U.S.-Iran StrikesOil Prices Climb as U.S.-Iran Flare-Up Shakes Market ComplacencyPakistan LNG Seeks Emergency Cargo After Weekend Hormuz Flare-UpGulf Producers Race to Load Oil and LNG as Hormuz Stays OpenPakistan Plans to Boost LPG Imports and Mulls Cheaper Oil Supply from IranPhilippines Becomes World’s Top Solar Panel BuyerNext UK Prime Minister urged to tackle industrial energy costsScotland could meet half of gas demand and add £10bn to economy with biomethaneSpain awards €119m for CO2 capture project at El Bierzo cement plantBaker Hughes wins long term Nigeria LNG servicing dealOccidental’s New CEO Tested by Debt, Lagging Stock Price and Big Dividend Payments to BerkshireStalled Trump Administration Permits Threaten $121 Bln in Wind and Solar Investment – ReportOil Steadies as US and Iran Agree to Halt AttacksCanada and Japan Consider Joint Critical Mineral Projects to Counter ChinaEquinor Pulls Out of Japan’s Offshore Wind MarketAustralian Gas Exploration Surges as Energy Security Takes Center StageChina’s LNG Buying Rebounds as Summer Power Demand SurgesMiddle East Oil Production Rebounds to 15 Million BpdOil Price Bubble Has BurstPace Digitek’s Lineage Power Secures 3 GWh LFP Battery Cell Supply Deal With RJE Tech For BESS ExpansionDeep Sky delivers North America’s first certified DAC carbon removal creditsIbraco Signs 100 MW Solar PPA With Syarikat Sesco For Sarawak ProjectSerentica Renewables to Invest ₹1 Lakh Crore in Rajasthan, Expands Renewable Energy and BESS PortfolioUnlocking bio-hydrogen from cellulosic wasteUcaneo to launch Germany’s first integrated DAC facility in BerlinIFC Invests $10 Million In Crossboundary Access To Expand Renewable Energy Across Sub-Saharan AfricaChirayu Power Pvt. Ltd. Honoured as Best EPC Company of the Year – Commercial & Industrial (Platinum) at Contractors Excellence Awards 2026Saskatchewan raises nearly C$16m from first helium public offeringVideo | Why India is investing in modern hospital gas systemsIndia commissions nuclear heat-powered hydrogen production facilityIndustry bodies urge GHG Protocol to account for market realitiesMitsubishi Gas Chemical eyes Australian natural hydrogen for methanol productionIN TALKS: Williams in Talks on $5.5 Billion Deal for Momentum Midstream – ReportChina Isn’t Giving Up On Coal Despite Green Energy GoalsEYEING MORE: Chevron Eyes More Deals to Power US Data CentersIndia inaugurates nuclear-powered hydrogen production facilityBlykalla teams up with Hitachi for SMR deploymentOil and mining giants among firms exploring nuclear’s industrial use potentialRolls-Royce SMR plans manufacturing development centre in DerbyAfrigen Energy Invites Investors and Strategic Partners for Financing of 50 MW Private Solar PV ProjectGlobal Utilities and Manufacturers Unite to Strengthen Grid Supply Chains Amid Rising Electrification DemandInfinity Power Selects AIKO as Sole PV Module Supplier for Egypt’s 1.2 GW Nefer Menya Solar and 600 MWh Battery Storage ProjectOil Prices Dive as More Tankers Move Through Strait of HormuzAMERICAN ENERGY SNAPSHOT: America’s Strategic Petroleum ReserveMagnolia Oil & Gas Is in Lead to Acquire WildFire for Over $4 BillionUS Natural Gas Drops on Cooler Outlooks as July Contract ExpiresUS Energy Firms Add Most Rigs in a Week Since June 2022, Baker Hughes SaysUS Diesel Refining Economics Remain Firm Despite Iran War TruceUS Refining Capacity Fell by 263,000 Barrels Per Day in 2025, Says EIAQatar Offers First Crude Loadings to Buyers Since War BeganChina’s Crude Imports Set to Hit Weakest Level Since 2016Kazakhstan Cuts Gas Output after Drone Strike on Russian Processing PlantHormuz Shipping Confidence Is Still ShakySaudi Arabia Set to Slash Oil Prices as Hormuz ReopensBaghdad Hosting EU Energy Talks After Iraq Floats OPEC ExitUS electricity demand to rise 21% by 2030Oil Set for Hefty Weekly Losses as Tankers Exit Strait of HormuzTrump Clean Energy Tax Credit Cutoff Drives Project Rush as Prices Set to SoarPodcast | AI, semiconductor growth & the future of specialty gasesWill Europe’s new Biomethane Mechanism make a difference?Sasol, Topsoe to dissolve Zaffra SAF joint ventureCanada waste-to-energy project grapples with carbon price pressuresAustralia Awards 15 Battery Storage Projects Under CIS Tender 8, Adding 4.2 GW/16.1 GWh CapacityB.Grimm Power Subsidiary Acquires Future Green Tech to Expand Solar Power PortfolioSalzgitter Signs Long-Term Green Hydrogen Supply Deal with EWE to Advance Low-Carbon Steel ProductionADB Approves $57.4 Million To Expand Rooftop Solar And Virtual Net Metering In Sri LankaHero Future Energies Opens New Corporate Headquarters in Aerocity to Support Global Renewable Energy ExpansionPowerCell wins 4MW contract to power Norwegian liquid hydrogen cargo shipsMajor Saudi Oil Terminal Roars Back to Life as Gulf Supply Recovery AcceleratesGas Prices Are Falling. Your July 4 Fill-Up Still Won’t Feel Cheap.SpaceX Wants to Fuel Its Mars Ambitions With Its Own Gas PipelineOil Heads for Weekly Loss as Hormuz Tanker Traffic ReboundsQatar’s LNG Recovery Picks Up Speed as Tankers Mass at Ras LaffanWhy Is Oil Trading Down Today?Security and sustainability clash in Ireland FSRU plansSecurity and sustainability clash in Ireland FSRU plansVideo | The trends shaping medical gas systems in EuropeCargo ship attack underlines strait volatilityTubing and fitting installation: Preventing leaksCPH2 terminates first commercial 1MW membrane-less electrolyser dealOMV Petrom receives all 20MW electrolysers for Romanian clean fuel plantUS Oil’s Wildcat Tendencies Sputter OutRapid US Grid Growth Could Rival Nation’s Largest System, Report SaysSpaceX Plans to Build ‘Starpipe’ Natural Gas Pipeline to Fuel Starship RocketsFire Extinguished at Monroe Energy’s Trainer Refinery in PennsylvaniaOil Prices Climb 2% After Cargo Ship Hit by Projectile Near OmanSecond Taipingling unit starts upSubstation damage delaying operation of repaired Zaporizhzhia power line, says IAEAUK completes return of high-level waste to GermanySogin begins re-encapsulation of uranium-thorium fuelUS uranium production up again
Tue. Jun 30th, 2026

Oil Stocks in US Strategic Petroleum Reserve Fall by 5.5 Million to Lowest Level Since 1983

storage strategic reserve1200x810 dec 1 2022

(Reuters) – Stocks of crude oil in the U.S. Strategic Petroleum Reserve fell by 5.5 million barrels to 325.7 million barrels, the lowest level since May 1983, according to data from the Department of Energy.

The drawdowns are a part of a U.S. agreement to release 172 million barrels from the facility.

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Reporting by Arathy Somasekhar in Houston; Editing by Mark Porter

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