Historical Strategic Reserve Releases

Major oil-consuming nations have historically tapped into strategic petroleum reserves during acute supply shortages or geopolitical crises.

The top 3

  1. 2022 IEA Coordinated Stock Release: The IEA released 60 million barrels in response to supply disruptions following Russia's invasion of Ukraine.
  2. 2011 IEA Libya-Conflict Response: The IEA coordinated a release of 60 million barrels to stabilize markets during the civil unrest in Libya.
  3. 1991 Gulf War Reserve Deployment: President George H.W. Bush authorized the first major drawdown of the U.S. Strategic Petroleum Reserve to stabilize prices.

Sources

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