NATO Rutte says allies are taking a historic step to ensure alliance's fuel storage
Newsquawk Staff ·
- Allies investing EUR 27bln in fuel storage measures.
- Summer has shown this alliance is stronger than ever.
- The alliance is more together than ever.
- US DoE has authorised an emergency of exchange of up to 400k barrels of crude oil from the SPR, to address crude oil supply disruption that is affecting Phillips 66 Lake Charles refinery (264k BPD) within Louisiana
- UAE Environment Ministry says a tanker oil spill is impacting beaches in Umm al-Quwain
- Japan government considers cutting gasoline subsidies from December, according to officials
- US President Trump says will release USD 150 mln to increase US refining capacity
- US President Trump invokes Defense Production Act for petroleum capacity and waives Section 303 rules to expand oil capacity
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