The United States holds public stocks and places no separate compulsory stock obligations on industry.
The Energy Policy and Conservation Act provides for the establishment of the Strategic Petroleum Reserves (SPR), allowing for strategic reserves of up to 1 billion barrels. Under the Act, the US government has exclusive authority over the drawdown and distribution of oil from the SPR. However, it has no powers over industry stocks.
The SPR comprises four storage sites, two in Texas (Bryan Mound and Big Hill) and two in Louisiana (Bayou Choctaw and West Hackberry). These facilities have a combined volumetric capacity of 727 mb. In December 2009, the SPR was filled to capacity.
All of the public crude oil in the SPR is light (with API gravities greater than 30 degrees). Each of its facilities maintains two segregations for sweet and sour crude streams. In total, the SPR inventory is one-third sweet crude oil and two-thirds sour crude oil.
The US also holds a 2-million barrel supply of emergency fuel oil for homes and businesses in the north-eastern United States. Established in 2000, the Heating Oil Reserve is an "emergency buffer" that can supplement commercial fuel supplies should the heavily oil-dependent region be hit by a severe heating oil supply disruption.
The heating oil reserves are held in the following locations (at the specified volumes): Amerada Hess in Woodbridge, New Jersey (1 mb); Magellan Midstream Partners in New Haven, Connecticut (0.5 mb); Motiva Enterprises in New Haven, Connecticut (0.25 mb); and Motiva Enterprises in Providence, Rhode Island (0.25 mb).
The United States does not have any bilateral stockholding agreements with other countries, and does not use tickets.
Related news & events
- Decoupling of global emissions and economic growth confirmed
16 March 2016
- Global coal demand stalls after more than a decade of relentless growth
18 December 2015
- Energy ministers set course for new era at IEA
18 November 2015
- IEA releases Oil Market Report for November
13 November 2015