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9/15/2019, 11:56 PM (Source: TeleTrader)
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Trump: Authorized oil from Strategic Petroleum Reserve

United States President Donald Trump said on Sunday that he authorized the release of crude from the Strategic Petroleum Reserve in the aftermath of the attacks on Saudi Aramco's 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. 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," he wrote on Twitter.

The drone attacks on two major Aramco facilities over the weekend disrupted about half of the kingdom's oil capacity.

Breaking the News / JC