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Trump Announces Plan to Refill U.S. Strategic Petroleum Reserve with Venezuelan Oil

August 31, 2026

Source Summary

President Donald Trump announced on social media that the United States will use Venezuelan crude oil to refill the Strategic Petroleum Reserve, calling it a "Gift from Venezuela to the People of the United States." The refilling process, described as "topping out," is set to begin soon. The SPR has been drawn to near minimum operational levels due to increased U.S. crude exports amid Middle East tensions.

Why it matters

The Strategic Petroleum Reserve's depletion to near-minimum levels affects U.S. energy security and emergency response capacity during supply disruptions.

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