Go Back   New Orleans Saints - blackandgold.com > Main > Everything Else
Shop Horizontal

IEA may release oil reserves as soon as September: report

this is a discussion within the Everything Else Community Forum; PARIS/NEW YORK (Reuters) - World oil consumers are poised to tap into emergency oil inventories as soon as early September after the International Energy Agency (IEA) dropped its resistance to a U.S.-led plan, a source and an oil journal said ...

Closed Thread
 
LinkBack Thread Tools Display Modes
Old 08-25-2012, 12:00 AM   #1
Moderator
 
Join Date: Sep 2007
Location: New Haven Ct
Posts: 18,222
IEA may release oil reserves as soon as September: report

PARIS/NEW YORK (Reuters) - World oil consumers are poised to tap into emergency oil inventories as soon as early September after the International Energy Agency (IEA) dropped its resistance to a U.S.-led plan, a source and an oil journal said on Friday.
Just one week after its chief said there was no discussion of possible emergency action, the IEA is now thought to have agreed to the idea, the industry journal Petroleum Economist reported on Friday, citing unnamed sources. The release could be as large or larger than last year's 60 million barrel injection.
Responding to the report, IEA Executive Director Maria van der Hoeven said the agency remained in close communication with members and stood "prepared to act as necessary in response to a physical disruption", avoiding the question of whether active consideration of a reserve release was underway.
"However, as I said as recently as last week, at this time the conditions that would warrant such a response by the IEA are not present," she said in a statement.

IEA may release oil reserves as soon as September: report - Yahoo! News



www.sportsshooter.com/johnjcoleman

" Anyone can take a picture Only a Photographer can take a photograph "
QBREES9 is offline  
Closed Thread

Thread Tools
Display Modes

Posting Rules


All times are GMT -5. The time now is 08:51 AM.


Copyright 1997 - 2013 - BlackandGold.com
no new posts