Group 1 - The U.S. Strategic Petroleum Reserve inventory decreased by 230,000 barrels for the week ending June 13, compared to a previous value of 237,000 barrels [1]

Core Viewpoint - The U.S. House Committee proposed a budget plan to allocate over $1.5 billion for the restoration and maintenance of the Strategic Petroleum Reserve (SPR) [1] Group 1: Funding Allocation - The proposal includes $1.32 billion for purchasing oil to replenish the SPR, which is the world's largest emergency crude oil reserve [1] - An additional $218 million is allocated for facility maintenance [1] Group 2: Legislative Changes - The proposal cancels a previous directive to sell oil from the SPR and eliminates the congressional authorization to sell 7 million barrels of SPR in the fiscal year 2027 [1] Group 3: Current Status and Future Projections - The SPR currently holds approximately 399 million barrels of oil, with a total storage capacity of about 727 million barrels [1] - U.S. Energy Secretary estimated that fulfilling former President Trump's goal of filling the SPR would require $20 billion and several years, which would assist domestic energy producers when oil prices are relatively low [1]