US seeks well-supplied oil market, political stability as Middle East tensions rise
October 19, 2023 Comments Off
The Biden Administration is closely monitoring the Israel-Hamas war impact on oil supplies, with a keen interest in avoiding any market shocks, a US Department of Energy official told S&P Global Commodity Insights. That could include tapping the US Strategic Petroleum Reserve, if needed, said Deputy Assistant Energy Secretary Joshua Volz, whose portfolio for the agency covers Europe, Eurasia, Africa…
US seeks well-supplied oil market, political stability as Middle East tensions rise
The Biden Administration is closely monitoring the Israel-Hamas war impact on oil supplies, with a keen interest in avoiding any market shocks, a US Department of Energy official told S&P Global Commodity Insights. That could include tapping the US Strategic Petroleum Reserve, if needed, said Deputy Assistant Energy Secretary Joshua Volz, whose portfolio for the agency covers Europe, Eurasia, Africa…
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