NEW YORK — Despite the escalating geopolitical tensions caused by the Russia-Ukraine, and Israeli-Hamas conflicts, the U.S. has recorded the highest oil production month in history with projections of rising further.
The U.S. oil production has gone up to the highest level on record and it is projected to continue to rise next year. These changes come amid growing concerns of the war between the Israeli and Hamas, which is likely to alter the normal oil supply globally.
