Trump Says He’ll Fill Strategic Oil Reserve ‘Right to the Top’

Jan. 20, 2025, 6:01 PM UTC

President Donald Trump said he plans to fill the US’s strategic oil reserve “right to the top” after it reached lows not seen since the 1980s under President Joe Biden.

Trump vowed to “bring prices down, fill our strategic reserves up again right to the top and export American energy all over the world” during his inaugural address at the Capitol Monday.

The Strategic Petroleum Reserve, which has a maximum capacity of about 700 million barrels, currently stands at at 394.4 million barrels following a record selloff during Biden’s administration. The drawdowns under Biden included selling 180 million barrels into ...

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