headquarters of the International Energy Agency in Paris, France on the 23rd of this month announced the release of 60 million barrels of oil reserves within the next month. This is roughly equivalent to a day of crude oil consumption in the United States, the lack of a global day of consumption.
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In addition, the Wall Street Journal pointed out that the decision of the International Energy Agency, may bring additional benefits to the United States and its allies, the reason is very simple, Iran is highly dependent on high oil prices.
tell part of the Iranian Oil Ministry's Shana news agency, Iran's ambassador to the Organization of Petroleum Exporting Countries (OPEC) on behalf of Mohammed Ali Hatti on the 25th for the IEA decision to release 60 million barrels of strategic oil reserves website: the United States and its European allies trying to manipulate the international crude oil market, "do everything we can to artificially lower oil prices.
Arab oil crisis, the International Energy Agency was established in 1974, designed to counter OPEC. Prior to the organization, shot twice, respectively, when Iraq invaded Kuwait in 1991, and 2005 Hurricane Katrina swept the Gulf of Mexico. Including record reserves of 727 million barrels in the United States, the 28 member countries of the IEA's strategic oil reserves over 41 billion barrels, of which nearly 1.6 billion barrels of public reserves, specifically for emergency situations.
some UWorld Steel Pipe .S. analysts, government and business people also pointed out that the United States and France, with elections approaching, the retail price of gasoline is too high so that those in power is very passive, which is the main reason contributed to the International Energy Agency overwhelmed by the "psychological intimidation".
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Hatti warning on the 25th, the International Energy Agency's 28 member states may be forced in the future even at a higher price to purchase the required oil. According to Xinhua overseas financial reports, in charge of oil affairs of Iran, an official said on the 24th, if oil prices continue to fall, Iran is more likely to revisit the proposal to convene an emergency OPEC meeting.
the International Energy Agency announced that the above information the same day, the U.S. respond immediately to market 30 million barrels of strategic oil reserves will be between August 1 to August 31, all of high quality crude oil - light quality low sulfur crude oil, to some extent compensate for Libya lasted three months of the conflict caused by 1.40 billion barrels of oil production. "
is worth mentioning that the United States overwhelmed by the sale of light sweet crude oil reference price of $ 112.78 a barrel, far higher than the market price. According to the relevant provisions of the U.S. Department of Energy can only receive not less than 95% of the reference price of the bid.
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Iran is OPEC's rotating presidency. In this organization, Iran, after Saudi Arabia, is the second largest crude oil exporting countries.
Subsequently, Saudi Arabia, unilateral stimulation, and requests the United States to intervene prices.
Hatti on the 25th, the international crude oil market over the past few days, price changes, "this is not based on market supply and demand changes, but the side effects of political pressure, especially the U.S. side to put pressure.
York, London, United Kingdom,
the United States, the two oil prices tumbled more than 5% the day. On the 24th, the New York Mercantile Exchange, light sweet crude for August delivery lowest dropping to $ 89.82 a barrel, falling below $ 90 a crucial point, eventually rebound Yao City, was up 14 cents to close at $ 91.16 a barrel , or 0.15 percent; London oil is Zaicuo the 2%, fell to a four-month closing low.
June 8, OPEC members are meeting to discuss the increase production quotas, but failed to reach agreement. Traditionally regarded as the cartel leader Saudi Arabia launched a synergistic increase effort World steel pipe network editing , but Iran is opposed to the increase.
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