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- America’s emergency oil stockpile has plunged to 40-year lows. The shrinking Strategic Petroleum Reserve is limiting Washington’s ability to shield consumers from the fallout of Saudi Arabia’s aggressive supply cuts, according to Goldman Sachs.
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Why are America's emergency oil stockpiles crashing to 40-year lows?
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Sep 27, 2023 · World oil stockpiles are expected to tumble by 70 million barrels over the next three months due to the supply cuts, according to Bank of America. That’s why Bank of America on Wednesday...
Jul 12, 2023 · America’s emergency oil stockpiles have plunged to 40-year lows under President Joe Biden as US officials have sought to cushion consumers from high gas prices.
Sep 27, 2023 · World oil stockpiles are expected to tumble by 70 million barrels over the next three months due to the supply cuts, according to Bank of America. That's why Bank of America on Wednesday ramped...
Apr 27, 2024 · Key Takeaways. After releasing substantial supplies in 2022, the U.S. Strategic Petroleum Reserve remains near a four-decade low. That leaves the U.S. with less wiggle room to manage oil and ...
Oct 6, 2022 · The nation's Strategic Petroleum Reserve tumbled to a fresh four-decade low this week as President Biden continues to drain the emergency oil stockpile.
- Megan Henney
- 1 min
Oct 19, 2022 · More than any of his predecessors, President Joe Biden has aggressively leaned on this emergency oil stockpile to knock down the high pump prices that voters despise.
Aug 1, 2022 · The U.S. emergency crude oil stockpile fell by 4.6 million barrels last week to its lowest level since May 1985, according to the Department of Energy on Monday.
