Biden administration says it has replenished strategic oil reserve after Russia war drawdown

[BumRushDaShow]

11. Here another EIA report as FYI

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=mcsstus1&f=m

Per the OP article -

The Energy Department on Friday announced a 4.65 million barrel purchase, bringing the total purchased since the 2022 drawdown up to more than 40 million barrels.

In addition, the administration has worked with Congress to cancel 140 million barrels in planned sales — accounting for the rest of the 180 million.

Meaning that the ACTUAL "draw down" was only 40 million bbls, NOT 180 million bbls. So if you take the 140 million bbls and add it back to the 374 million bbls, you get closer.

I know they had been doing maintenance on a couple of the facilities the past year and that was hindering getting oil transferred back into them (and may be impacting the numbers in the inventory). So hopefully they can get the numbers updated.