TODAY IN ENERGY HISTORY

March 31, 2025

LARGEST OIL SALE IN HISTORY!

20:39On March 31, 2022, the Biden administration announced the release of 1 million barrels per day from the U.S. Strategic Petroleum Reserve (SPR) for six months, totaling 180 million barrels. This was the largest release in SPR history and aimed to counteract rising oil prices and supply disruptions caused by the Russian invasion of Ukraine. The move sought to stabilize global energy markets and reduce fuel costs for consumers. The release was part of a broader strategy that included increasing domestic production and encouraging allies to release oil from their reserves.

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