The salt caverns used to stockpile oil

Podcast: The Conversation Weekly · The Conversation

Opublikowano: 2026-05-28

Buried underground in caverns dug out of salt on the Gulf coast of the US are millions of barrels worth of crude oil. This is the Strategic Petroleum Reserve, built up in the late 1970s. Globally, at the end of 2025, global strategic oil stockpiles were estimated at 2.5 billion barrels, with China holding the most. With the Strait of Hormuz now closed for more than two months, global oil supplies are being squeezed. In March, as part of a co-ordinated move by members of the International Energy Agency to release 400 million barrels of oil to prevent...