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Wednesday, 16 October 2019

US waiting and watching on oil reserve, market well supplied: Perry

Reuters , Tuesday 17 Sep 2019
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The United States is still taking a wait-and-see approach on whether to tap its Strategic Petroleum Reserve https://www.energy.gov/fe/services/petroleum-reserves/strategic-petroleum-reserve to stabilise oil markets after weekend attacks on Saudi Arabia's oil infrastructure, Energy Secretary Rick Perry said on Tuesday.

"With regard to energy markets, the president has directed me to release oil from the Strategic Petroleum Reserve if that is needed to offset any potential disruptions," Perry told reporters on a visit to Vienna. "But looking at the supply numbers we are confident that the markets remain well-supplied."

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