Strategic Petroleum Reserve Release
Released: July 27, 2011
On June 23, 2011 the International Energy Agency announced plans to release 60 million barrels of crude oil and petroleum products from its reserves. The United States will provide half of that volume in crude oil from its Strategic Petroleum Reserve (SPR). The U.S. Department of Energy held an auction in which 28 contracts were awarded to 15 companies for a total of 30.64 million barrels of crude oil. Shipments were scheduled to begin the week of July 18.

EIA's Weekly Petroleum Status Report tracks crude volumes based on custody, not based on ownership. As volume is drawn down from the SPR and transported to refineries or storage facilities, the volumes will be reported by the locations taking receipt of the crude oil. The instructions for forms EIA-800 Weekly Refinery and Fractionator Report and EIA-803 Weekly Crude Stocks Report direct respondents to "report all domestic and foreign stocks (that have cleared Customs) held in the custody of your company and in transit thereto, except those in transit by pipelines which you do not operate." Deliveries began in the week ending July 22, and are reflected in the WPSR data starting in that report period.