shortage.life · last_sync · 2026-08-20 10:50:00 UTCbuild 83e413e · node v22.22.2

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shortage.life
brussels
● online · 8 sources

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$ shortage briefing get us-spr-374-mbbl-may-2026
> lang=en read=5min kind=data
> published 2026-05-24

// readout · live

BRENT     $93.89/b 
TTF       €64.52/MWh 
OPEC_ORB  $108.8/b 
SPR_US    298.7 Mb 
FAO_FFPI  130.3 
revalidate 15mUTC 00:00:00
$_TICKER
BRENT$94.36▲0.50%TTF€64.52● 0.0%HH$2.75● 0.0%SPR_US298.7 Mb15.3dEU_GAS62.4%18c avgOPEC_ORB$108.79● flatFAO_FFPI130.3▼0.4%WHT$7.04/bu▼0.07%BRENT$94.36▲0.50%TTF€64.52● 0.0%HH$2.75● 0.0%SPR_US298.7 Mb15.3dEU_GAS62.4%18c avgOPEC_ORB$108.79● flatFAO_FFPI130.3▼0.4%WHT$7.04/bu▼0.07%
READ MODE// long-form zoneEDITORIAL · briefingdata·2026-05-24
~/briefings/us-spr-374-mbbl-may-2026·data · 5 min read← all briefings
data · Energy · 2026-05-24

US SPR at 374.2 Mbbl — 51% of statutory capacity heading into summer

EIA's weekly status shows the Strategic Petroleum Reserve at 374.2 Mbbl. At a 19.5 Mbbl/d disruption baseline that is ~19.2 days of cover.

By N. Vermeulen·2026-05-24·5 min read·energy · oil · spr · usa · reserves

The number

The US Strategic Petroleum Reserve holds 374.2 million barrels of crude across four salt-dome sites (Bryan Mound, Big Hill, West Hackberry, Bayou Choctaw). That is 51% of the 727 Mbbl statutory capacity authorized by Congress.

What that buys you

The SPR exists to be drawn at a maximum sustainable rate of ~4.4 mb/d. Against a hypothetical 19.5 mb/d gross US demand disruption — the worst-case parameter the Department of Energy uses — the current inventory covers roughly 19.2 days with no other policy intervention. That is below the 30-day minimum that the IEA recommends for member-country net-import equivalents.

Refill ambitions vs. price reality

The Biden-era refill commitments contemplated repurchases when WTI traded under $70/bbl. With WTI currently near $100/bbl, refill purchases are uneconomical at the previously stated trigger price. The administration has signaled it will not chase the market upward.

What we are watching

Source: EIA Open Data v2, series WCSSTUS1 (Ending Stocks SPR).