with their oil stockpiling programmes despite crude oil prices reaching US$100 a barrel this week. The US Department of Energy (DOE) told Congress it will not stop its programme to add 70,000 b/d of crude to the national emergency stockpile. By end-March, the Strategic Petroleum Reserve will hold a record of more than 700 million…
MARKETS: US, China to continue stockpiling despite oil at US$100 a barrel
Posted on February 27, 2008 by EnergyAsia