India  

‘US to add 75 million barrels of oil to strategic reserve’: Donald Trump

Video Credit: HT Digital Content - Duration: 02:47s - Published
‘US to add 75 million barrels of oil to strategic reserve’: Donald Trump

‘US to add 75 million barrels of oil to strategic reserve’: Donald Trump

President Donald Trump said US will purchase 75 million barrels of oil and put it into strategic reserve.

Trump’s announcement comes after oil prices plunged below zero on April 20.

He said, “Based on the record low price of oil that you've been seeing, it's at a level that's very interesting to a lot of people.

We're filling up our national petroleum reserves, strategic, you know, the strategic reserves, and we're looking to put as much as 75 million barrels into the reserves themselves.

That would top it out.

That would be first time in a long time it's been tapped out.

We'd get it for the right price.” Watch the full video for more.


You Might Like


Related videos from verified sources

Trump Says Actual Cut Of Oil Output Will Be Double The Amount Currently Agreed On [Video]

Trump Says Actual Cut Of Oil Output Will Be Double The Amount Currently Agreed On

The Organization of the Petroleum Exporting Countries, Russia and other countries, said they agreed to reduce output by 9.7 million bpd. President Donald Trump said the OPEC+ group of oil producers..

Credit: Wochit     Duration: 00:32Published
Trump touts Saudi-Russia oil deal to halt price war [Video]

Trump touts Saudi-Russia oil deal to halt price war

The two top crude producers are said to slash output by as much as 15 million barrels a day - an unprecendented 15% of global supply. Ryan Brooks has more.

Credit: Reuters - Politics     Duration: 01:13Published