Strategic Petroleum Reserve Near Historic Lows Amid War in Middle East
Video Credit: Wibbitz Top Stories - Duration: 01:30s - Published
Strategic Petroleum Reserve Near Historic Lows Amid War in Middle East
Strategic Petroleum Reserve Near Historic Lows , Amid War in Middle East.
Strategic Petroleum Reserve Near Historic Lows , Amid War in Middle East.
Fox News reports that drawdowns made to the
U.S. Strategic Petroleum Reserve (SPR) have left
the emergency stockpile at its lowest level since 1983.
.
High market prices have reportedly delayed
efforts made to replenish the reserve, as Israel's war against Hamas could destabilize oil supplies worldwide.
.
High market prices have reportedly delayed
efforts made to replenish the reserve, as Israel's war against Hamas could destabilize oil supplies worldwide.
.
According to data from the Energy Information
Administration (EIA), the SPR had approximately
351.3 million barrels of oil as of September 29.
.
Fox News reports that for most
of the last decade, the emergency stockpile
has stood at over 650 million barrels.
According to an EIA estimate, the U.S. consumes
an estimated 20 million barrels of oil per day.
.
This means that the SPR would be depleted after
just 17 days if America could no longer access "new domestic production or imports," Fox News reports.
.
Fox News reports that the historical average since
1990 has seen the emergency stockpile maintain
approximately 33 days worth of oil reserves.
.
In 1975, the SPR was created under
the Energy Policy and Conservation Act following
an oil embargo by OPEC that lasted from 1973 to 1974.
America’s SPR remains the largest in
the world and stands ready to deliver
on its mission to provide refiners
and the American public relief
in the event of supply disruptions, United States Department of Energy, via Fox Business.
Initially, the SPR was intended to
have a one billion barrel capacity,
but it has never reached that level.
Fox News reports that SPR supplies are held at four
locations in salt caverns located thousands of feet
below ground to prevent leaking oil from seeping out.
Sir Keir Starmer said he had "wide-ranging" discussions with US President Joe Biden on Ukraine, the Middle East and the Indo-Pacific. "This was a really important from the President to have this level of discussion with these critical issues," he said.
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Prime Minister Keir Starmer has met with President Biden at the White House to disucss conflicts in Ukraine and the Middle East. Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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In a dramatic escalation of the ongoing Israel-Hamas conflict, an Israeli military helicopter crashed in Gaza's Rafah on Wednesday, resulting in the deaths of two Israeli soldiers and serious injuries to seven others. The crash, captured on camera, has intensified the already dire situation in the besieged Gaza Strip. Initial reports suggest the helicopter, belonging to Unit 669 of the Israeli Air Force, went down due to a "technical malfunction." This incident occurs against the backdrop of Israel's nearly year-long aggressive campaign against Gaza, following the launch of Operation al-Aqsa Storm by Palestinian resistance groups on October 7 of the previous year.
#IsraeliHelicopterCrash #GazaConflict #IsraelHamasWar #BreakingNews #MiddleEastCrisis #HelicopterCrash #RafahExplosion #IDFUpdate #MilitaryIncident #GazaUnderAttack #WarInGaza #HumanitarianCrisis #IsraeliSoldiers #ConflictEscalation #GlobalAttention
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Gaza's Health Ministry, which does not differentiate between fighters and civilians, says over 40,000 Palestinians have been killed in Gaza since the Israel-Hamas war began.
Credit: euronews (in English) Duration: 01:11Published
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Israeli Defense Minister Yoav Gallant has announced a significant shift in Israel's military strategy following the dismantling of Hamas as a military force in Gaza. The focus of the Israel Defense Forces (IDF) is now shifting towards the northern front, as discussions about a potential hostage deal unfold. Gallant indicated that Israel might consider withdrawing from the Philadelphi Corridor for up to six weeks to facilitate negotiations aimed at freeing hostages while maintaining security. This move marks a crucial phase in Israel's ongoing operations and diplomatic efforts in the region.
#IDF #Hamas #Gaza #IsraelDefenseForces #PhiladelphiCorridor #HostageDeal #MilitaryStrategy #MiddleEastConflict #YoavGallant #GazaStrip #NorthernFront #DefenseMinister #IsraeliSecurity #TerroristOrganization #HostageNegotiations #MilitaryOperation
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In a chilling new statement, the Palestinian Resistance Movement Hamas condemns Israeli Prime Minister Benjamin Netanyahu as a 'Nazi' for the latest massacre in Khan Younis, Gaza. Israeli warplanes targeted displaced Palestinians in a so-called 'safe zone,' resulting in over 40 deaths and 65 injuries. Hamas accuses the US administration of complicity in these crimes and calls for international intervention. Watch now to understand why this brutal attack is being labeled as part of a larger campaign of genocide and war crimes.
#NaziNetanyahu #KhanYounisMassacre #HamasAccuses #IsraeliGenocide #PalestinianResistance #WarCrimes #USComplicity #InternationalOutcry #GazaCrisis #HumanRights
Even after exploding pagers, thousands of casualties and the killing of a top Hezbollah commander in an Israeli airstrike, the UK and other allies are still.. Sky News
In a dramatic escalation of the ongoing conflict, Israel launched a deadly airstrike in Beirut, targeting Hezbollah positions after the militant group fired a barrage of missiles into northern Israel. The strike, which occurred on Friday, resulted in the death of a top Hezbollah official and left several others injured. Lebanese health officials reported that at least three people were killed and over 50 wounded in the attack, which hit a building in the Dahiyeh district, a known Hezbollah stronghold. This latest violence follows a week of heightened tensions, including a series of devastating explosions linked to Hezbollah’s communication devices, which have left over 30 dead and thousands injured across Lebanon. As both sides engage in relentless military actions, fears of an all-out war loom large over the region.
#Israel #Hezbollah #BeirutAirstrike #MissileAttack #MiddleEastTensions #LebanonConflict #BreakingNews #IDF #HezbollahOfficialKilled #MilitaryEscalation #RegionalCrisis #WarAlert #HassanNasrallah #Lebanon #ConflictUpdate
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Tensions between Hezbollah and Israel have reached a boiling point following a series of explosive incidents involving Hezbollah's pagers, which were allegedly rigged by Israeli intelligence. As fears of an all-out war loom, the recent blasts have left over 30 dead and thousands injured across Lebanon. Hezbollah leaders, now reeling from the devastating impact, accuse Mossad of orchestrating the attacks, further escalating the conflict. With retaliatory strikes intensifying, the volatile situation raises concerns about a wider regional conflict, as both sides prepare for a potential showdown.
#Hezbollah #Israel #Mossad #ExplodingPagers #WarTensions #Lebanon #MiddleEastConflict #Retaliation #SecurityCrisis #Geopolitics #MilitaryAction #RegionalStability #CrisisAlert #IntelligenceWar #HezbollahRetaliation
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Sky News analysis has found Israeli soldiers pushed at least four apparently lifeless bodies from the roof of a building in the occupied West Bank on Thursday. Sky News
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