Deputy US national security adviser Daleep Singh called on oil producers to boost supply as the United States continues to crack down on Russia with sanctions for its invasion of Ukraine, saying “this is the time” to dip in to reserves.
Singh pointed to US President Joe Biden’s recent conversation with King Salman of Saudi Arabia as one way the US is looking to boost production.
“We want more supply in the world, more oil supply. We want it from producers that have spare capacity. They're about 3 to 4 million barrels per day of spare capacity. Saudi has some of that spare capacity,” Singh said during an appearance on CNN’s "New Day."
He continued: “We have we have production capacity at home. You know, private producers have the leases, the permits, the price signal to boost their production, working with Wall Street to invest in America's energy security. We want that to happen. And for those countries that have strategic petroleum reserves, there are 1.5 billion of these reserves worldwide, this is the time to use them.”
The US, he added, wants supply of oil “wherever it can be produced – that’s at home, that’s abroad.”
Pressed on comments from the Kremlin this morning, Singh stopped short of calling the US’s actions against Russia following its invasion of Ukraine an “economic war.”
“This is a brutal and needless war of aggression. We said all along that the aggression escalates, so will the costs. And the strategic failure for Putin continues to mount. We have imposed the most severe and coordinated economic sanctions in history,” Singh said, noting a Russian economy in “tatters” and citing the “exodus” of global companies from Russian markets.
He said he "wouldn’t call it an economic war," adding, "this is our way of demonstrating resolve.”
Pressed by CNN's John Berman on the Polish fighter jet situation, Singh deferred to the Department of Defense but touted defense and security assistance to Ukraine more broadly. Asked again whether the US has ruled out allowing MiG-29 aircraft into Ukraine, he again declined to comment but reiterated the US will not escalate the situation into a direct conflict with Russia, as has been the administration’s stance.