Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Israeli PM Office: Netanyahu has ordered that the Rafah crossing will not open until further notice.
Ambrey: Cameroon-flagged tanker issues distress call following explosion abroad, approximately 60NM south of Yemen's Ahwar.
Araghchi: Iran adopted a constructive approach in its engagement to ensure the European Union and the E3 fully honored their commitments and lifted all sanctions.
Araghchi: After a year of Iran’s full compliance with the agreement, it began implementing gradual, proportionate, and reversible compensatory steps in accordance with its recognized rights under the deal.
Araghchi: Iran demonstrated the utmost restraint in the face of repeated and fundamental violations and made extensive efforts to restore balance and preserve the agreement.
In his letter, Araghchi stated: The E3 failed to fulfill their obligations and instead imposed additional illegal sanctions on Iranian individuals and institutions.
Araghchi: These coercive measures constituted a grave violation of international law and the UN Charter, causing severe disruption in the implementation of the agreement.
Araghchi: Washington initially refrained from fulfilling its commitments, then withdrew from the agreement, reimposed its illegal and unilateral sanctions, and even expanded them.
Araghchi: UN Security Council Resolution 2231 has expired and fully ceased to be in effect as of today, in accordance with its explicit provisions.
Iranian Foreign Ministry: Reimposing sanctions on Iran is illegal

US crude reserves at 20-year low

  • By Al Mayadeen Net
  • Source: Agencies
  • 4 May 2022 21:23
  • 1 Shares
2 Min Read

The US' stockpile in petroleum reserves is at its lowest level in 20 years as the Biden administration continues to make withdrawals.

  • x
  • Crude oil storage tanks at a refinery in Texas City, Texas, in April 2020 (New York Times)
    Crude oil storage tanks at a refinery in Texas City, Texas, in April 2020 (New York Times)

The Energy Information Administration's (EIA) data revealed on Wednesday that the US Strategic Petroleum Reserve's (SPR) stockpile is at its lowest level in 20 years.

The Biden administration is still making withdrawals from the SPR to feed a market starved for supply, with SPR inventories at 550 million barrels as of the week that ended on April 29.

Related News

Most powerful decision-maker in Iraq is US: Sheikh Al-Khalisi

Trump's immigration curbs may cut 15 million US workers by 2035

Three million barrels have been taken out on average from the SPR on a weekly basis over the past two months to allow domestic refiners' demand for crude to be met. 

Western sanctions on Russia, which have been increasing ever since the war on Ukraine began on February 24, have impeded oil supply deliveries around the world from one of the world's largest producers.

“The SPR stock situation is likely to continue dropping in the foreseeable future unless the global supply situation for oil gets better,” John Kilduff, a partner at New York energy hedge fund Again Capital, said. 

The first major SPR withdrawal was authorized by Biden in November with oil supplies tightening as demand recovered rapidly from Covid lockdowns. However, the largest SPR releases will begin in April, with a total of 180 million barrels being issued from the reserves, with another 60 million due to be released by US allies.

  • United States
  • Biden administration
  • Petroleum
  • US
  • Petroleum reserves
  • The Biden Administration
  • Biden's administration

Most Read

Iran strikes secret Israeli-US bunker under Tel Aviv high-rise

Tel Aviv high-rise struck by Iran hid Site 81, secret US-Israeli base

  • Politics
  • 14 Oct 2025
Palestinian journalist Saleh al-Jaafarawi in an undated image in Gaza, occupied Palestine (Social media)

Gaza Palestinian journalist Saleh al-Jafarawi killed by collaborators

  • Politics
  • 12 Oct 2025
drop site

New report details extensive Israeli arson in Gaza after ceasefire

  • Politics
  • 13 Oct 2025
Illustration of fists breaking shackles, representing the liberation of Palestinian detainees from Israeli prisons. (Illustrated by: AL Mayadeen English/Batoul Chamas)

4 prominent Palestinian detainees to be freed: Who are they?

  • Palestine
  • 13 Oct 2025

Coverage

All
War on Gaza

Read Next

All
Iraqi religious leader Sheikh Jawad al-Khalisi on Al Mayadeen Plus, October 18, 2025 (Screengrab)
Politics

Most powerful decision-maker in Iraq is US: Sheikh Al-Khalisi

Flags of Iran, Russia, and China (IRNA)
Politics

Iran, Russia, China confirm: Iran nuclear issue out of UNSC

Member of the Loyalty to the Resistance bloc Ali Fayyad speaks to Al Mayadeen, October 18, 2025 (Screengrab)
Politics

Hezbollah, allies will reject direct talks with 'Israel': MP Fayyad

The bodies of killed Palestinians held by "Israel" during the war are downloaded from Red Cross vehicles after their release, at the Nasser Hospital in Khan Younis, southern Gaza Strip, Oct. 15, 2025. (AP)
Politics

From rubble to graveyards, Gaza continues recovering its martyrs

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS