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Biden Administration Buys Last Oil for Emergency Reserve as Fund Taps Out

(Reuters) – The Biden administration said on Friday it has bought its last batch of oil for the Strategic Petroleum Reserve after selling a record amount from the facility in 2022 to counter fuel prices that had risen after Russia’s invasion of Ukraine. The Department of Energy said it had bought 2.4 million barrels of …

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COMMENTARY: What a Wonderful Week Because “Reality” Won Over “Fantasy” – Irina Slav

More From Irina Slav Ever since I discovered (two days ago) that, according to Google, I’m a “public figure”, whatever that means, I’ve felt an urge to shower the world with my opinions. By a happy coincidence this week has presented us with an abundance of opinion-provoking events. Obviously, we begin with the U.S. elections. …

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Ranked: Top 10 Countries by Value of All Their Natural Resources

By Bruno Venditti | Graphics/Design: Sam Parker Ranked: Top Countries by Natural Resource Value This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Natural resources are the backbone of modern manufacturing, necessary to produce everything around us. According to 2021 data …

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Icahn Enterprises Seeks to Boost Stake in Refiner CVR Energy

By Sourasis Bose and Srivastava Vallari Nov 8 (Reuters) – Icahn Enterprises (IEP.O), headed by billionaire activist investor Carl Icahn, said on Friday it has submitted a proposal to boost its stake in Texas-based refiner CVR Energy (CVI.N) to 81.3%. The investment company, which already owns about 66.3% of CVR Energy, said it wants to …

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