28.07.2011 - IEA oil release damages Opec relations
A strategic release of reserve oil has damaged relations between oil-consuming countries and the OPEC oil-producing cartel, an Arab expert warns. The International Energy Agency announced last month it was coordinating the release of 60 million barrels from its member countries. It blamed supply disruptions resulting from the loss of Libya’s 1.6 million daily barrels of crude..............................................Full Article: Source
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