King saud university, Public university in Riyadh, Saudi Arabia

US President Donald Trump on Sunday announced that he has authorised the use of the US's emergency oil reserve after a series of drone strikes on Saudi Arabia oil factories disrupted the country's crude output."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 in a series of tweets."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 added.The Strategic Petroleum Reserve is the world's largest crude oil stash. It is established in the 1970s in the Arab oil embargo and is located on the US Gulf Coast. It has been used plenty of time during the first Gulf War in 1991; after Hurricane Katrina hit in 2005; and following supply chain disruptions in Libya in 2011, reported The Hill.Trump's decision comes a day after the drone attack on two Saudi Aramco factories by Yemen Houthis which led to a huge fire at the world's largest oil processing facility and affected the production of 5.7 million barrels of crude oil.Though Yemen Houthis have taken the responsibility of the attack, Us has blamed Iran saying there is no evidence that drone was launched from Yemen.Trump said that the US knows who the "culprit" is but is waiting from the Kingdom to confirm it."Saudi Arabia oil supply was attacked. There is a reason to believe that we know the culprit are locked and loaded depending on verification but are waiting to hear from the Kingdom as to who they believe was the cause of this attack, and under what terms we would proceed!," he tweeted.Following the attacks on two Saudi oil factories, President Donald Trump on Saturday held a telephonic conversation with Saudi Crown Prince Mohammed bin Salman and affirmed that his administration is monitoring the situation.Trump offered the administration's support for "Saudi Arabia's self-defence" and condemned the attack on "critical energy infrastructure".( With inputs from ANI )

King Saud UniversityFOLLOW

King saud university, Latest News

US President Donald Trump has said that America was not seeking a war with any country amid tensions with Iran after Washington indicated that Tehran was behind the drone attacks on Saudi Arabian oil fields. ...

President Donald Trump said Monday that the US does not need oil or gas from the Middle East, as his government awaited information from Saudi Arabia about the attacks on that country's refineries. ...

Saudi Arabia on Tuesday (IST) blamed its regional rival Iran for the drone attack on Aramco oil facilities saying that the initial investigations have revealed that the Iran weapons were used in the attack. ...

Following the largest ever-disruption of crude production in Saudi Arabia amid drone attacks on its key facilities, prices of petrol and diesel in India may shoot up by Rs 5 to 6 a litre in next fortnight, experts said on Monday. ...

The US has issued satellite images and cited intelligence to back its claim that Iran was behind the drone attacks on two oil facilities in Saudi Arabia, the media reported on Monday. ...

US President Donald Trump announced that he has authorized the release of oil from the Strategic Petroleum Reserve following the recent drone attack against two oil facilities in Saudi Arabia. ...

US President Donald Trump warned that his administration was "locked and loaded" to respond to a recent drone attack against two Saudi oil facilities and said he was just waiting for input from Riyadh on how to proceed. ...

US President Donald Trump on Sunday announced that he has authorised the use of the US's emergency oil reserve after a series of drone strikes on Saudi Arabia oil factories disrupted the country's crude output. ...