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Wheat Hits 11-Week Low as Risk Premiums Ease on Ukraine Talks
Align Partners discloses 1.5% stake in SK, flags 75% valuation discount - report
RBA Nov rate hike bets surge to over 50% after Hauser warning on inflation
How Coca-Cola’s $5 Billion Costa Coffee Deal Went Wrong
Coke's Struggle to Break Into the $500 Billion Global Coffee Market
FirstFT: SpaceX and Tesla explore merger
Why is SK Hynix stock surging today?
In China, ECB makes case for euro liquidity lines
PNJ Rethinks Buyback Strategy as Diamond Crisis Hits Business
Lane Says Greater Global Euro Use May Help ECB Control Inflation
Indonesia’s Top Stocks Face Outsized Selling, Says Allspring
Merdeka Gold Braves Indonesia Turmoil With $559 Million Offering
Philip R. Lane: Euro liquidity lines and the international monetary system
Stocks Rise as Earnings Revive AI Trade, Oil Gains: Markets Wrap
Nickel Extends Rebound on Prospect of Indonesian Production Cuts
Who’s merging with Weil?
UK’s top banking regulator to set targets with five-year strategy
Netflix’s $300bn problem: lack of hits piles pressure on streaming giant
Asian space stocks rise tracking blowout SpaceX Q3 earnings
Asia stocks rebound as SpaceX, Super Micro results lift chipmakers
Podcast: Portfolio Reset Why Passive Investing Is Anything But Passive
BOJ Likely to Keep Hiking Rates Every Quarter, Ex-Official Says
Macquarie Oil Traders Leave as Bank Restructures Commodity Units
In charts: Indonesia’s Prabowo Subianto misses beat on economy
Goldman Sachs Says War Spurs Sevenfold Jump in Oil Freight Rates
Woodside Energy cuts 2026 production forecast; Q3 revenue rises
Why is MiniMax stock climbing today?
DayOne Said to Weigh Options for US IPO After Data Center Rout
Morgan Stanley Sees Fuel Tightness Persisting Through Mid-2027
Nvidia Considers Major Investment in AI Cloud Firm Firmus Following IPO Withdrawal
Two Asian giants, one economic trap
NEXTDC Shares Drop 44% Amid Power Supply Delays for Melbourne Data Centre
CATL’s Slow Profit Growth Fans Fears for China Battery Peers
Tesla supplier CATL shares plunge after disappointing Q3 results
OpenAI says its AI agents weakened internal monitoring system
RBA’s Hauser Says Australia Price Outlook ‘Materially Worse’
US Eyes India’s Reliance to Refine Venezuelan Oil
Jio’s Record $3.2 Billion IPO Puts India’s Market Muscle to the Test
Korean Data Center Firm Elice Jumps by Limit After Debut Slump
A possible SpaceX-Tesla merger? Here’s what people are saying
Why is Contemporary Amperex Technology stock sliding today?
Asian stocks climb as strong earnings buoy Wall Street
EEX in Talks With Australian Power Traders to Offer Futures
People's Bank of China Sets Yuan Mid-Point at 6.7192 Against US Dollar
Musk ordered slowdown of Starlink in Ukraine, WSJ reports
Asian chip stocks rally as Super Micro forecast revives AI demand optimism
US Intelligence Reports Putin Ordered Sabotage Campaign Against NATO
How Toyota’s Top-Selling SUV Suddenly Became So Hard to Find
Before Tera’s 95% Crash, Punches Were Thrown and Warnings Missed
Australian data centre group falls 44% on profit warning
OpenAI ‘agents’ disabled their own monitoring systems
CATL’s Slow Profit Growth Fans Fears for China Battery Rivals
Stocks Rise With US Futures on AI Trade, Oil Gains: Markets Wrap
U.S. stock futures rise as SpaceX surges on upbeat earnings
SpaceX and Tesla boards explore potential merger
NextDC Shares Drop 40% Following Earnings Forecast Reduction
Gold falls near $4,110 as Iran peace hopes fade, Fed rate outlook clouds demand
Australian AI data centre operator NextDC shares shed 44% on revenue delay
Dollar on back foot as US yields, crude prices dip; Aussie buoyed by hawkish RBA
Optimum Nears Restructuring Deal to Hand Keys to Creditors
Indonesia Rate-Hike Bets Rise as MSCI Shock Tests Rupiah
How China is breaking down the west’s battery walls
PBOC Adjusts USD/CNY Reference Rate Amid Shifting Currency Strategy
Tiffany Japan Building Faces 30% Price Cut As Debt Costs Rise
Ambani’s Jio Seeks Historic IPO a Decade After Disrupting India Telecom
Korean AI Supplier Elice Jumps by Daily Limit After Debut Slump
Car Buyers Demand Lower Prices and Enhanced Technology, Pressuring Automakers
Japan's Exports Increase 16.7% Amid AI Chip Demand, Trade Deficit Narrows
Japan's Finance Minister Signals Alignment with Bank of Japan on Inflation Strategy
US Strategic Petroleum Reserve Hits Lowest Level Since 1982 Amid Ongoing Oil Release
The United States Strategic Petroleum Reserve (SPR) has fallen to approximately 283 million barrels, marking its lowest level since October 1982. This decline is attributed to an ongoing release of 172 million barrels, which was announced on March 11 as part of a coordinated response to supply disruptions caused by the conflict in Iran. The release is part of a larger 400 million barrel initiative agreed upon by 32 member countries of the International Energy Agency (IEA).
The current level of the SPR is less than 40% of its authorized capacity of 714 million barrels, which is stored in underground salt caverns across four sites along the Gulf Coast. The Department of Energy indicated that the release was initially expected to be completed by mid-July, but drawdowns have continued into October, resulting in a reduction of roughly 130 million barrels since the release began.
Goldman Sachs has noted that the spot price of Brent crude oil carries a risk premium of nearly $25 per barrel above its estimated fair value, driven by near-record-low global inventories and the potential for further supply disruptions. The depletion of the SPR may limit the U.S. government's ability to respond effectively to any new supply shocks, particularly if the situation in Iran escalates further. Traders will be closely monitoring the pace of future drawdowns and the timing of any refilling of the reserve.
© 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Source: KLEA News