Australian Energy Minister Signs US Fuel Reserve Deal

Australia's Energy Minister Angus Taylor speaks during question time in the House of Representatives at Parliament House in Canberra, Australia. on July 4, 2019. Tracey Nearmy/Getty Images

Energy Minister Angus Taylor has finalised a petroleum reserve deal with the United States, but it won’t have an impact on bowser prices for Australian motorists.

Taylor signed the agreement in Canberra on June 3 with the US ambassador by his side, while his American counterpart Dan Brouillette beamed in from Washington.