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.
Asked whether he was optimistic about peace in the Middle East over the coming months, Borrell said "a ceasefire must come and it is absolutely essential."
Credit: euronews (in English) Duration: 01:01Published
Yvette Cooper refused to comment on whether Israeli Prime Minister Benjamin Netanyahu would be arrested if he visited the UK, following arrest warrants issued by the International Criminal Court (ICC) over alleged war crimes in Gaza. Cooper stated, "The ICC is independent, and we respect its position," adding that the UK government’s focus remains on pursuing a ceasefire in Gaza and addressing the ongoing challenges in the Middle East. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Leaders of the world's 20 major economies also issued a joint declaration in which they called for a global pact to combat hunger, more aid for Gaza and to end the hostilities in the Middle East.
Credit: euronews (in English) Duration: 01:15Published
In a shocking escalation, Iraqi warplanes launched a surprise drone strike deep inside Israel’s southern city of Eilat, targeting a strategic site. The attack marks a bold move by the Islamic Resistance in Iraq, as it continues a campaign of back-to-back assaults against Israeli military targets. The strike comes just a day after similar attacks in the region, intensifying tensions. The Israeli Defense Forces (IDF) have expressed fury, vowing immediate retaliation and heightening fears of further conflict in the already volatile Middle East. Watch as the situation unfolds in this dramatic video report.
#IraqiAirStrike #DroneAttack #IsraelConflict #EilatStrike #MiddleEastTensions #IDFResponse #IslamicResistance #MilitaryEscalation #BackToBackStrikes #WarOnIsrael #TensionsRising #IraqVsIsrael #DroneWarfare #BreakingNews #MiddleEastCrisis
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Donald Trump’s latest pick to head the Pentagon has raised eyebrows: Pete Hegseth, a Fox News veteran with no senior military experience, is nominated to lead the U.S. Department of Defense. Known for his strong pro-Israel stance and vocal criticism of "woke-ness" in the military, Hegseth's nomination is sparking debate. Can a TV host truly navigate the complexities of global military leadership, especially amid ongoing international crises? In this video, we dive into Trump’s controversial choice, the implications for U.S. military policy, and what it means for America's relationship with Israel.
#Trump #PeteHegseth #Pentagon #FoxNews #ProIsrael #DefenseSecretary #MilitaryLeadership #USPolitics #Israel #WokenessInTheMilitary #NationalSecurity #Trump2024
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The warrants for the Israeli prime minister and former defence minister pertain to crimes against humanity and war crimes. The ICC did not disclose Deif's warrant of arrest, stating it was a "secret".
Credit: euronews (in English) Duration: 01:05Published
Israeli PM Netanyahu pledges $5M for each rescued hostage as the IDF intensifies Gaza operations post-Hamas attacks. While Israel dismantles Hamas tunnels, humanitarian concerns rise over civilian casualties. Calls for ceasefires and global scrutiny grow as the conflict destabilizes the region.
#GazaConflict #Netanyahu #HostageCrisis #Hamas #MiddleEastCrisis #GlobalAttention #Israel #MiddleEast #ForeignPolicy #MilitaryDeterrence #WorldWar3 #WorldWar #OngoingCrisis #InternationalNews #InternationaRelations #Oneindia #OneindiaNews
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Amid escalating violence in northern Gaza, Sgt. First Class (res.) Roi Sasson, 21, of the Kfir Brigade’s Nahshon Battalion, was killed during a clash with gunmen in Beit Lahiya. The battalion's commander, Lt. Col. Yoel Glickman, sustained serious injuries in the same encounter.
Sasson's death brings the total Israeli toll—including soldiers, police, and security officers—since the October 7, 2023, Hamas assault to 800. The ongoing IDF ground offensive has intensified, with over 1,300 Hamas operatives killed and more than 1,000 detained in northern Gaza.
#NorthernGazaConflict #IDFReservistKilled #GazaClashes #NetanyahuWarZoneVisit #BeitLahiyaBattle #IsraelHamasWar #IDFToll800 #KfirBrigade #MiddleEastCrisis #GazaGroundOffensive #HamasOperatives #HumanitarianCrisisGaza #IsraelDefenseForces #NetanyahuLeadership #GazaUnderFire
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Israeli intelligence agency Mossad is investigating the disappearance of a rabbi in Abu Dhabi after receiving information indicating a "terrorist incident". Sky News
Israeli intelligence agency Mossad is investigating the disappearance of a rabbi in Abu Dhabi after receiving information indicating a "terrorist incident". Sky News
In a devastating pre-dawn strike, Israel targeted a multi-story residential building in central Beirut, Lebanon, resulting in at least 11 deaths and dozens of injuries. The Israeli attack, which used powerful "bunker-busting" bombs, flattened the building, leaving a deep crater and igniting widespread fires in the area. Rescue workers raced to search for survivors beneath the rubble, with 63 others confirmed injured. The attack, part of Israel's ongoing escalation against Hezbollah, has left the city reeling. Watch the chilling aftermath as firefighters battle blazes, and residents survey the extensive damage in Beirut's Basta and Choueifat neighbourhoods.
#IsraelAttack #LebanonCrisis #BeirutExplosion #BeirutBuildingAttack #PredawnStrike #HezbollahConflict #MiddleEastTensions #BunkerBustingBombs #LebanonWar #IsraelVsLebanon #WarInLebanon #CiviliansUnderFire #IsraeliBombing #LebanonCrisis #FirefightersInAction #MiddleEastConflict
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On Monday, 16 OCT 23, on New Paradigms with Sargis Sangari, Episode #169, Ms. #ClareLopez, senior advisory board member of Near East Center for Strategic Engagement, The Director of U.S. Geostrategic..
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