July 2024

Oil prices saw a partial recovery on Tuesday following Israel's military response to Hezbollah's recent attacks. The geopolitical tensions in the Middle East have once again highlighted the region's critical role in global energy markets, causing fluctuations in oil prices....

In July 2024, the Biden-Harris administration made a significant move to bolster the United States' energy security by purchasing 4.65 million barrels of crude oil for the Strategic Petroleum Reserve (SPR). This acquisition is part of a broader effort to...