US emergency crude stockpile

US Strategic Petroleum Reserve Chart

Crude held in the US emergency stockpile, tracked weekly from the EIA against its 2020 peak and shown alongside WTI and Brent.

PEAK Jul 2020

656.1 million barrels

NOW Sep 2026

285.0 million barrels A policy stockpile, measured against its own record—not a season.

Latest level

US Strategic Petroleum Reserve

Data through Sep 11, 2026
Current level 285.0 million barrels

Week ending

Weekly change -0.4

million barrels · 4-week average -2.12

Versus a year ago -120.3

405.2 million barrels a year ago

Share of 2020 peak 43.4%

-371.2 million barrels from the peak

Weekly level and change

SPR: level, weekly change and price context

Chart loading. A recent data table is available directly below.

Tap a point to inspect it. Tap the chart again to close the data box.

Source: U.S. Energy Information Administration (Sep 2026). Published Sep 16, 2026. How this series is sourced
View recent weekly values
Recent SPR observations. Level and change in million barrels; prices in dollars per barrel.
Week endingLevelWeekly change4-week averageWTIBrent
Sep 11, 2026 285.0 million barrels -0.40 -2.12 99.08 111.83
Sep 4, 2026 285.4 million barrels -1.24 -3.33 91.18 99.09
Aug 28, 2026 286.6 million barrels -3.12 -4.55 84.62 89.73
Aug 21, 2026 289.7 million barrels -3.70 -4.48 87.35 94.20
Aug 14, 2026 293.4 million barrels -5.27 -4.51 84.05 92.51
Aug 7, 2026 298.7 million barrels -6.12 -4.45 78.94 87.86
Jul 31, 2026 304.8 million barrels -2.84 -3.67 84.51 91.63
Jul 24, 2026 307.7 million barrels -3.80 -4.50 88.58 96.12
Jul 17, 2026 311.4 million barrels -5.06 -4.94 80.77 82.93
Jul 10, 2026 316.5 million barrels -2.98 -5.94 72.26 73.33
Jul 3, 2026 319.5 million barrels -6.17 -7.43 70.48 69.70
Jun 26, 2026 325.7 million barrels -5.54 -7.87 73.59 73.63

About this series

A stockpile that answers to policy, not to season.

Not commercial oil — sovereign insurance

The Strategic Petroleum Reserve is crude the US government holds in underground salt caverns along the Gulf Coast, created after the 1973–74 oil embargo as insurance against a severe supply interruption. It is not commercial inventory: no refiner owns it, no trader can bid for it week to week, and it is released or refilled by decision rather than by market clearing.

No seasonal benchmark, by design

That is why this page looks different from the rest of StorageCurve. Every other curve here is measured against a five-year seasonal average, because gas and commercial crude follow a repeating annual cycle. The SPR does not. Averaging the last five years would blend a historically large drawdown into a "normal" band and produce a benchmark that describes nothing. The framing used instead is simply the level, the weekly change, the year-on-year change, and the distance from the peak observed in this series.

Read alongside, not instead of

Read it beside the commercial crude curve rather than instead of it. The two answer different questions: commercial stocks show what the market has to work with, while the SPR shows how much sovereign buffer sits behind it. A comfortable commercial reading paired with a depleted reserve is a materially different situation from the same commercial reading with the reserve full.

Series
EIA PET.WCSSTUS1.W
Measures
Crude held in the SPR
Coverage
Four Gulf Coast sites
Unit
Million barrels
Released
Wednesday, 10:30 a.m. ET
Price overlay
WTI and Brent weekly spot

Compare across the balance

The other curves worth reading beside this one.

A single series rarely settles a question. Gas and crude respond to different drivers, and a national total can disagree with the hub that prices the contract.

OUTLOOK · WORLD

Global oil supply & demand forecast

Compare next-year agency forecasts, inventory normalization and saved monthly revisions.

Compare forecasts
NG · US

US natural gas storage

Weekly EIA Lower 48 working gas, injection or draw, and Henry Hub price context.

Open US gas
CL · US

US commercial crude inventories

Weekly EIA ending stocks excluding the Strategic Petroleum Reserve.

Open US crude
WTI · CUSH

US Cushing crude inventories

The WTI delivery-point inventory — a focused view of local crude tightness.

Open Cushing
GAS · EU

EU natural gas storage

Weekly-sampled AGSI gas in storage, TWh, and capacity fullness.

Open EU gas
BUFFER · EUROPE

Europe seasonal electricity buffer

A 6–12-month gas-storage path with hydro and firm-power coverage kept explicit, plus current market confirmation.

Open seasonal outlook
REFILL · OIL

Inventory Rebuild Demand

Global STEO net depletion, a five-month forecast limit and conditional inventory refill rates.

Estimate refill demand
OIL · WORLD

Global oil demand

Monthly EIA STEO world liquid fuels consumption against supply, and the implied global build or draw.

Open global demand
FORECAST · EIA

EIA crude price forecast

The current STEO path for WTI and Brent, its monthly revisions, and how past forecasts scored against realised spot.

Open price forecast
SUPPLY · WORLD

Global oil production

Monthly world petroleum and other liquids production compared with crude oil production alone.

Open global production
BUFFER · OPEC

OPEC spare capacity

Monthly OPEC surplus crude capacity, Saudi concentration, and historical buffer regime.

Open OPEC capacity
EXPORTS · GULF

Strait of Hormuz

Reported Saudi crude exports against production, refining, direct burn and storage, with the reporting lag stated.

Open the Hormuz tracker
ULSD · US

Diesel tightness tracker

Crack-led weekly EIA score with distillate stocks, product pull, refinery transmission and a separate disruption proxy.

Open diesel tightness

Source ledger

Every number has a provider and a date.

EIA / API v2

United States inventories and prices

Source: U.S. Energy Information Administration (Sep 2026).

Open EIA source
Fraunhofer ISE / Energy-Charts

European power and day-ahead prices

Source: Energy-Charts.info, Fraunhofer ISE (CC BY 4.0).

Open Energy-Charts source

Questions, answered from the method

Strategic Petroleum Reserve FAQ

What the reserve is, why it is not measured seasonally here, and how it relates to the commercial crude curve.

What is the Strategic Petroleum Reserve?

It is an emergency crude oil stockpile owned by the US government and held in underground salt caverns on the Gulf Coast. It was established after the 1973–74 oil embargo so the country could withstand a severe interruption to supply.

Which EIA series does this page use?

EIA API v2 series PET.WCSSTUS1.W — US ending stocks of crude oil in the Strategic Petroleum Reserve, converted from thousand to million barrels. It is published in the same Wednesday release as the commercial inventory figures.

Why is there no five-year average or storage-pressure label here?

Because the SPR has no seasonal cycle to compare against. It is drawn down and refilled by government decision, so averaging the last five years would fold an exceptional policy drawdown into a supposed “normal” band and produce a benchmark that describes nothing real. Level, weekly change, year-on-year change, and distance from the observed peak are used instead.

How does the SPR relate to commercial crude inventories?

They are separate and are reported separately. Commercial stocks are owned by refiners and traders and respond to market conditions; SPR barrels are sovereign and respond to policy. StorageCurve excludes the SPR from the commercial curve and from every seasonal calculation on the crude pages.

Why did the reserve fall so sharply?

The series shows a large decline from its 2020 peak following the emergency sales authorised in 2022, alongside congressionally mandated sales. This page reports the observed level and the distance from that peak; it does not attribute movements to specific policy decisions or forecast the refill path.

Can you tell when the SPR will be refilled?

No. Refill depends on appropriations, purchase tenders, and prevailing crude prices, none of which are in this dataset. The weekly change and the year-on-year figure show what has actually happened; neither implies what happens next.

Does an SPR release lower oil prices?

A release adds physical supply, which all else equal loosens the balance. Whether that shows up in price depends on the size of the release relative to global demand, and on production, demand, and positioning at the time. The WTI and Brent lines on this chart are shown for context, not as evidence of causation.

Does this show how full the reserve is?

Not against design capacity. This page compares the current level with the highest and lowest values observed in the published series since 2019, which are facts drawn from the data itself rather than an assumed capacity figure.

See the full storage FAQ on the dashboard

Contact StorageCurve

Send a source or methodology question. StorageCurve delivers messages directly and does not store reply addresses or message contents.

Do not send passwords, API keys, account numbers, positions, or other sensitive information.