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Factoid of the Day Monday, August 17, 2026

Data from the U.S. Department of Energy shows that 6.1 million barrels of crude oil were withdrawn from the U.S. Strategic Petroleum Reserve (SPR) during the week ended August 7, 2026, reducing total reserves to 298.7 million barrels, according to CNBC. The latest withdrawal, which puts the reserve at its lowest level since January 1983, is part of a larger 172-million-barrel release designed to offset supply disruption from the ongoing closure of the Strait of Hormuz. Approximately 243 million barrels are expected to remain in the SPR once the full release is complete.

 

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