President Donald Trump on Monday promised to supply <a href="https://www.wionews.com/business-economy/international-oil-prices-surge-nearly-20-after-attack-on-saudi-oil-facilities-249978">oil to US allies</a>, after attacks on Saudi oil infrastructure that Washington has blamed on Iran.

"We are a net Energy Exporter, &amp; now the Number One Energy Producer in the World," Trump tweeted.

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<blockquote class="twitter-tweet">
Because we have done so well with Energy over the last few years (thank you, Mr. President!), we are a net Energy Exporter, &amp; now the Number One Energy Producer in the World. We don’t need Middle Eastern Oil &amp; Gas, &amp; in fact have very few tankers there, but will help our Allies!
— Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/1173560246863876096?ref_src=twsrc%5Etfw">September 16, 2019</a></blockquote>
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"We don't need Middle Eastern Oil &amp; Gas, &amp; in fact have very few tankers there, but will help our Allies!" he added.

Watch Video:

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/long-series-of-rocket-and-drone-strikes-against-saudi-arabian-oil-facilities-249718/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

Trump's comments come after weekend drone strikes on two major oil facilities in Saudi Arabia, which slashed the country's oil production by half and led both the kingdom and the United States to announce they may tap into their strategic reserves.

Tehran-backed Huthi rebels in Yemen, where a Saudi-led coalition is bogged down in a five-year war, have claimed responsibility.

On Sunday, Trump warned that the US was "locked and loaded" to respond to the Saturday attacks.

It is the first time the president has hinted at a potential American military response to the drone strikes.

According to the US Energy Information Administration, the US was the top global oil producer in 2018, turning out nearly 18 million barrels per day.

Saudi Arabia was second, with 12.42 million barrels per day.

President Donald Trump on Monday promised to supply oil to US allies, after attacks on Saudi oil infrastructure that Washington has blamed on Iran. "We are a net Energy Exporter, & now the Number One Energy Producer in the World," Trump tweeted.

President Donald Trump on Monday promised to supply oil to US allies, after attacks on Saudi oil infrastructure that Washington has blamed on Iran. "We are a net Energy Exporter, & now the Number One Energy Producer in the World," Trump tweeted. Because we have done so well with Energy over the last few years (thank you, Mr. President!), we are a net Energy Exporter, & now the Number One Energy Producer in the World. We don’t need Middle Eastern Oil & Gas, & in fact have very few tankers there, but will help our Allies! — Donald J. Trump (@realDonaldTrump) September 16, 2019 × "We don't need Middle Eastern Oil & Gas, & in fact have very few tankers there, but will help our Allies!" he added. Watch Video: Trump's comments come after weekend drone strikes on two major oil facilities in Saudi Arabia, which slashed the country's oil production by half and led both the kingdom and the United States to announce they may tap into their strategic reserves. Tehran-backed Huthi rebels in Yemen, where a Saudi-led coalition is bogged down in a five-year war, have claimed responsibility. On Sunday, Trump warned that the US was "locked and loaded" to respond to the Saturday attacks. It is the first time the president has hinted at a potential American military response to the drone strikes. According to the US Energy Information Administration, the US was the top global oil producer in 2018, turning out nearly 18 million barrels per day. Saudi Arabia was second, with 12.42 million barrels per day.

Don't need Middle East oil & gas, but will help our allies, says Trump after attacks on Saudi Arabia's Aramco

Saudi Arabia's Aramco has agreed in principle to invest in a new oil refinery in Pakistan's Chinese-funded, deepwater port of Gwadar, the Pakistani petroleum minister said on Thursday.

But a Saudi delegation visit ended with no economic lifeline for the South Asian nation's looming foreign currency crisis.

Petroleum Minister Ghulam Sarwar Khan said talks had not sought deferred oil payments, contradicting an earlier statement by the finance minister.

Pakistan may need to approach the International Monetary Fund (IMF) for its second bailout in five years, though the government of new Prime Minister Imran Khan is seeking alternatives.

In the Gwadar refinery agreement, state-owned Pakistan State Oil will partner with Aramco, the Saudi state oil giant, Petroleum Minister Khan said.

Details of the refinery's costs and capacity are to be finalised after a Memorandum of Understanding approved by Pakistan's cabinet on Thursday is finalised, he added.

Gwadar, in the southwestern province of Baluchistan, is the crown jewel of China's $60 billion investment in Belt and Road Initiative (BRI) projects in Pakistan.

Last month, Pakistan invited Saudi Arabia to invest in projects related to BRI's China Pakistan Economic Corridor (CPEC).

The visiting Saudi delegation, led by energy adviser Ahmad Hamed Al-Ghamdi, visited Gwadar on Tuesday. "They showed an interest to immediately invest in the refinery," said Khan, the petroleum minister.

"We sat down and held initial discussions with them and it was principally decided by both sides that it will be a government-to-government agreement."

Any refinery deal needs support from the Baluchistan provincial government, and there has been concern that neighbouring Iran might object to a project involving arch-rival Saudi Arabia on its doorstep.

However, on Thursday, Iranian Ambassador Mehdi Honer Doost raised no objections. "Iran will welcome Saudi and other Muslim countries investment in Baluchistan," Doost told reporters.

Pakistan wants a new refinery to reduce its $16 billion bill for foreign petroleum by importing more cheaper crude oil to refine itself.

Rising oil prices have sent Pakistan's current account deficit soaring. Foreign reserves have dropped to $9 billion, barely enough to cover external debt payments through the end of the year.

Still, the petroleum minister on Thursday denied Pakistan had sought any emergency aid from oil-rich Saudi Arabia. "There was an impression (that) we went there to ask for aid or seek alms but we only talked about investments," Khan told reporters.

He spoke two days after Finance Minister Asad Umar told local Samaa TV that deferred oil payments had been discussed with the Saudi delegation but no decision had been made.

Saudi Arabia's Aramco has agreed in principle to invest in a new oil refinery in Pakistan's Chinese-funded, deepwater port of Gwadar, the Pakistani petroleum minister said on Thursday.

Saudi Arabia's Aramco has agreed in principle to invest in a new oil refinery in Pakistan's Chinese-funded, deepwater port of Gwadar, the Pakistani petroleum minister said on Thursday. But a Saudi delegation visit ended with no economic lifeline for the South Asian nation's looming foreign currency crisis. Petroleum Minister Ghulam Sarwar Khan said talks had not sought deferred oil payments, contradicting an earlier statement by the finance minister. Pakistan may need to approach the International Monetary Fund (IMF) for its second bailout in five years, though the government of new Prime Minister Imran Khan is seeking alternatives. In the Gwadar refinery agreement, state-owned Pakistan State Oil will partner with Aramco, the Saudi state oil giant, Petroleum Minister Khan said. Details of the refinery's costs and capacity are to be finalised after a Memorandum of Understanding approved by Pakistan's cabinet on Thursday is finalised, he added. Gwadar, in the southwestern province of Baluchistan, is the crown jewel of China's $60 billion investment in Belt and Road Initiative (BRI) projects in Pakistan. Last month, Pakistan invited Saudi Arabia to invest in projects related to BRI's China Pakistan Economic Corridor (CPEC). The visiting Saudi delegation, led by energy adviser Ahmad Hamed Al-Ghamdi, visited Gwadar on Tuesday. "They showed an interest to immediately invest in the refinery," said Khan, the petroleum minister. "We sat down and held initial discussions with them and it was principally decided by both sides that it will be a government-to-government agreement." Any refinery deal needs support from the Baluchistan provincial government, and there has been concern that neighbouring Iran might object to a project involving arch-rival Saudi Arabia on its doorstep. However, on Thursday, Iranian Ambassador Mehdi Honer Doost raised no objections. "Iran will welcome Saudi and other Muslim countries investment in Baluchistan," Doost told reporters. Pakistan wants a new refinery to reduce its $16 billion bill for foreign petroleum by importing more cheaper crude oil to refine itself. Rising oil prices have sent Pakistan's current account deficit soaring. Foreign reserves have dropped to $9 billion, barely enough to cover external debt payments through the end of the year. Still, the petroleum minister on Thursday denied Pakistan had sought any emergency aid from oil-rich Saudi Arabia. "There was an impression (that) we went there to ask for aid or seek alms but we only talked about investments," Khan told reporters. He spoke two days after Finance Minister Asad Umar told local Samaa TV that deferred oil payments had been discussed with the Saudi delegation but no decision had been made.

Saudi Arabia agrees to invest in new oil refinery in Pakistan's Gwadar

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Don't need Middle East oil & gas, but will help our allies, says Trump after attacks on Saudi Arabia's Aramco

Saudi Arabia agrees to invest in new oil refinery in Pakistan's Gwadar