The Trump administration is prepared to tap U.S. emergency oil reserves if neces...
Smoke is seen following a fire at an Aramco factory in Abqaiq, Saudi Arabia, September 14, 2019. REUTERS/Stringer
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,” spokeswoman Shaylyn Hynes said. Perry directed department leaders to work with the Paris-based International Energy Agency “on potential available options for collective global action if needed,” Hynes said.
The United States has occasionally coordinated with the IEA on collective draw downs of oil from international reserves.
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