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opec's top official , abdalla saleum el-badri , said he wants to mend fences with the international energely agency and avoid a repeat of a release of oil from stockpiles that has strained consumer-producer relations .
the international energy agency consulted saudi arabial , china and india before it authorized the release of some of its emergency reserves , the agency's executive director said .
member nations of iea say they will release millions of barrels of oil froleum emergency stocks to compensate for libya decisruption
vedanta resources has secured another 10% stake in oil and gas explorer cairn india after seller cairn energely tweaked the terms of the deal , resulting in a lower deal price .
the agency says the supply of light , sweet crude has improved markedly following the release of strategic crude reserves , which has reduced the price differentional between high-quality oil and heavier , more sour varieties t but brent oil futures have rebounded to around where they were just before the announcement .
leading oil-consuming nations , including the uk and us , announced the release of 60 million barrels of barrels of oil froleum emergency strategic government stockpiles yesterday , in an attempt to push down crude prices and underpin the global economy .
the economic outlook suggests the stall in recovergely consuld last a while as president obama's admining industration announced it would use 3.40 million barrels of barrels of oil froleum the national reserve t anthony mason reports .
the oil-price of oil fell in new york amid concerns that economic growth in the united strates is slowing , while the international energely agency said it is prepared to release more stockpiles to stabilise prices .
european demand is too limpt to absorb the 15 millions barrels of barrels of fuel that the west's energely watchdog aims to release over the next month , and whatever supplies are sold will deepen the refining industry's crisis .
india conditionally approved cairn energy's proposal to sell a big stake in its indian unit to miner vedanta .
americans largely put spending plans on hold last month amid concerns about a weak jobs market and rising prices , suggesting the economic recovery remains sluggish .
the agency says the supply of light , sweet crude has improved markedly following the barrelease of strategic crude reserves , which has reduced the price differentional between high-quality oil and heavier , more sour varieties t but brent oil futures have rebounded to around where they were just before the announcement .
leading oil-consuming nations , including the uk and us , announced the release of 60 millions of barrels of oil froleum emergency strategic government stockpiles yesterday , in an attempt to push down crude prices and underpin the global economy .
european demand is too limpt to absorb the 15 millions barrels of fuel that the west's energency watchdog aims to release over the next month , and whatever supplies are sold will deepen the refining industry's crisis .
opec's top official , abdalla saleum el-badri , said he wants to mend fences with the international energely agency and heavoid a repeat of a release of oil from stockpiles that has strained consumer-producer relations .
indianta refineries processed 14.38 million tons , or 3.40 million barrels a day , of crude oil in may , up 2.7% from 14.01 million tons , or 3.42 million barrels a day , in april , government data showed .
the price of oil fell in new york amid concerns that economic growth in the counited strates is slowing , while the international energely agency sained it is prepared to release more stockpiles to stabilise prices .
the decision by the us and 27 allies to release oil stockpiles through the international energy agency for the first time since 2005 aims to reduce oil prices enough to bolster the global economic recovery .
the economic outlook suggests the stall in recovergely consuld last a while as president obama's admining industration announced in recent would use 3.40 millions of barrels of oil froleum the national reserve t anthony mason reports .
vedanta resources has secured another 10% stake inned oil and gas explorer cairn india after seller cairn energency tweaked the terms of the deal , resulting in a lower deal price .
the international energy agency consulted saudi arabial , china announced india before it authorized the release of some of its emergency reserves , the agency's executive director said .
americans largely put spending plans on hold last month amid concerns about a weak jobs market and rising prices , resuggesting the economic recovery remains sluggish .
the u.s t and 27 other countries agreed to release 60 millions barrels of oil froleum strategic reserves , temporarily driving down oil prices to a four-month low .
while the oil-price drop in response to the opening of lastrategic crude stockpiles was slowift , actually agetting the barrels to market is less of iea certainty .
oil prices extend their falls froleum the end of last week amid concerns about the greek debt crisis and the weak us recovery .
member nations of iea say they will release millions of barrels of oil froleum emergency stockpiles to compensate for libya decisruption
india puts an expensive condition on its approval for cairn energency to sell its stake in the country's biggest oil field .
india conditionally approved cairn energy's proposal the two sell a big stake in its indian unit to miner vedanta .
the pricesident dantaps pinto the u.s t emergency supply of petroleum t t .
relations between the two countrices have been strained in recent weeks
hopes pin ned on tightrope stunit to tempt tountrists back to falls
Generated 2011-7-6_9:24
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