NEW YORK, November 2. /TASS/. The US Strategic Petroleum Reserve declined to 282.2 mln barrels at the end of the reporting week ending October 30, continuing to hit its lowest levels since October 1982, according to data from the US Department of Energy.
US strategic oil reserves fell by approximately 400,000 barrels over the week. A lower level was last recorded in 1982, at the end of the reporting week ending October 15, when reserves stood at 280.802 mln barrels.
The US Strategic Petroleum Reserve began reaching its lowest levels since 1982 in late August of this year. In early October, the figure declined to 283 mln barrels.
The Strategic Petroleum Reserve was established by a decision of the US Congress in 1975 following the global energy crisis to provide an emergency supply in the event of future crises.
