importers

  • Oil release to give relief to importers

    Oil release to give relief to importers

    Monday, 4th July 2011
    A move last week by the US and other member countries of the Paris-based International Energy Agency (IEA) to release 60 million barrels of crude oil from their strategic petroleum reserves is going to bring international crude oil prices down in the near-term and provide some relief to the beleaguered oil importing nations, say experts.