Latest News
-
Iraq Sectarian Violence Escalates
23/05/2013 -
Armed Attack On Gas Complex In Western Libya Injures Two Guards
23/05/2013 -
World's Largest Turkmenistan Onshore Gas Field Set For September Startup
23/05/2013 -
Brent Dips Further Below $104/B On Nerves Over Summer Demand
23/05/2013 -
Violence In Iraq Stokes Fears Of Sectarian War
23/05/2013 -
Friends Of Syria To Press For Peace Talks
23/05/2013 -
Saudi Oil Exports Fell In March As Power Use Rose: JODI
22/05/2013 -
S. Arabia's Samref Cuts Refinery Throughput After Fire
22/05/2013 -
Qatar Sets Up $1 Bn Energy Infrastructure Fund
22/05/2013 -
Iraq’s Gharraf Oil Field ‘First Oil’ Expected By End Of July: Japex CEO
22/05/2013 -
IOCs Have No Plans To Leave Algeria: Energy Minister
22/05/2013 -
Brent Holds Near Two-Week Top At Around $105/B On Supply Worries
22/05/2013 -
Hizbollah In Big Syria Battle, Obama 'Concerned'
22/05/2013 -
Wave Of Attacks Kills At Least 95 In Iraq
22/05/2013 -
Bombs Against Iraqi Sunnis Kill 49
20/05/2013
Oil Prices Fall Following IEA Crude Stock Release Announcement
Published on Sunday, 26 Jun 18:58 pm
The price of WTI crude fell by more than $4/B on 23 June to settle at $91.02/B, following an announcement by the International Energy Agency (IEA) that it would release 60mn barrels of strategic reserves over a 30-day period. WTI fell 4.6% to its lowest settlement price since 18 February, when it closed at $86.20/B. At the same time Brent crude fell by almost $7/B.
The rest of this article is available to Subscribers only.
There are no comments yet.