The Oil Report

The Oil Report

EIA Thursday

Another 9mil gone out of the SPR

Tim Duggan's avatar
Tim Duggan
May 28, 2026
∙ Paid

Week ending 22nd May 2026

THE PRINT

The US pulled a whopping 9.92 MMbbl from the SPR last week, an all-time weekly record and the second set in as many weeks. Add the 7.86 MMbbl commercial crude draw and the country emptied close to 17.8 MMbbl of its crude buffer in seven days, while still exporting 5.49 MMbpd. This is not organic tightness. It is Washin…

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