The depletion of the U.S.'s Strategic Petroleum Reserve has got to a point where it could damage the caverns that store it, according to a new report.
CNBC detailed that the SPR is now below 300 million barrels for the first time since it began more than four decades ago. It will stand at 243 million barrels following the latest drawdown, which amounts to 172 million barrels. It was at about 415 million barrels before the war with Iran bean in late February and has a maximum authorized capacity of 714 million barrels.
