Donald Trump authorizes Strategic Petroleum Reserve to release oil

By JERUSALEM POST STAFF, REUTERS
September 16, 2019 01:15
Breaking news

Breaking news. (photo credit: JPOST STAFF)

WASHINGTON - U.S. 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."


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