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1 1 (April 22, 2022)

handle is hein.crs/govefpt0001 and id is 1 raw text is: Congressional
A1Research Service
informing the Iegistfive debate since 1 14____________________

Strategic Petroleum Reserve Oil Releases:
October 2021 Through October 2022
April 22, 2022
The Biden Administration announced plans to release up to 260 million barrels of crude oil from the U.S.
Strategic Petroleum Reserve (SPR) from October 2021 through October 2022. Oil stocks in the SPR were
approximately 618 million barrels at the end of September 2021. Releases planned during this period
include exercise of three SPR authorities: (1) mandatory sales, (2) exchanges, and (3) emergency sales
(see Figure 1). Each release type differs in terms of congressional authority, use of funds, and replacing
released barrels.
Figure I. SPR Oil Releases
October 2021-October 2022

Source: CRS, information from Department of Energy announcements.
Notes: Schedules include early delivery options.

Congressional Research Service
https://crsreports.congress.gov
IN11916

CRS INSIGHT
Prepared for Members and
Committees of Congress -

.-. Delivery schedule  Amount, million barrels
0 Mandatory Sale  Exchange   Emergency Sale

Mandatory Sale 1
Mandatory Sale 2
Exchange
Emergency Sale 1
Emergency Sale 2
Two planned phoses

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