U.S. oil reserve refill may take years

Reports indicate that U.S. Strategic Petroleum Reserve stocks have fallen to their lowest levels since 1983, with approximately 75 million barrels drained since the start of the conflict with Iran. This situation opens up a worldwide race in the oil market over the coming years to purchase barrels. The United States faces a challenge in replenishing the reserve quickly, as it will take years due to production capacity constraints and high global demand. It is likely that the U.S. administration will continue to draw from the reserve in the coming months, increasing the risks to oil supply security.

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