US Energy Secretary Says Oil Stockpiles Sufficient as Reserve Hits New Low

NAMPA / Sputnik

2026-07-29

WASHINGTON, July 29 (RIA Novosti) - US Energy Secretary Chris Wright said on Wednesday that the United States has sufficient oil stockpiles despite a record decline in the Strategic Petroleum Reserve (SPR) due to the conflict with Iran. Earlier in the day, the US Energy Information Administration said that the US SPR declined by 3.797 million barrels to 307.65 million barrels in the week ending July 24, marking its lowest level since March 198......

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