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Trump OKs Release of Strategic Oil Reserve 'If Needed'

Sunday, 15 September 2019 06:01 PM

President Donald Trump said on Sunday he authorized the release of oil from the U.S. Strategic Petroleum Reserve (SPR) if needed in a quantity to be determined because of Saturday's attack on Saudi Arabia's oil facilities.

"Based on the attack on Saudi Arabia, which may have an impact on oil prices, I have authorized the release of oil from the Strategic Petroleum Reserve, if needed, in a to-be-determined amount sufficient to keep the markets well-supplied," Trump said on Twitter.

"I have also informed all appropriate agencies to expedite approvals of the oil pipelines currently in the permitting process in Texas and various other States."

© 2019 Thomson/Reuters. All rights reserved.

   
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President Donald Trump says he has approved release from strategic petroleum reserve "if needed" after attack on Saudi oil facilities....
US, APNewsAlert
104
2019-01-15
Sunday, 15 September 2019 06:01 PM
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