US is ready to use emergency oil reserve ‘if necessary’ after Saudi attacks ...News

The US can unseal its emergency oil reserves to fill the gap in the oil market in case of shortages after Saudi Arabia’s key oil facilities were targeted in a drone attack, the US Department of Energy has announced. Energy Secretary Rick Perry “stands ready to deploy resources from the Strategic Petroleum Oil Reserves if necessary to offset any disruptions to oil markets as a result of this act of aggression,” the agency said in a statement. Earlier the international energy watchdog, the International Energy Agency (IEA), assured that the oil market has enough crude supplies, while Saudi Aramco, whose facilities came under attack, said that the clients’ needs will be

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