• IS provokes sea-change

    It has been a grave mistake to defy both Russia and France, says Leopold Scholtz.

  • Nene's SAA nemesis

    No political figure seems to have the guts to speak out against Dudu Myeni, says Solly Moeng.

  • The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

All data is delayed
See More

Cable confirms talks on oil reserves

Mar 23 2012 17:35
London - A British cabinet minister has confirmed that talks are continuing with US officials about possible release of oil from their stockpiles.

Vince Cable, Britain's business secretary, acknowledged during an appearance before the Federation of Small Businesses that the talks were being held.

Cable said: "There have been moves in the last few weeks, which are coordinated with the Americans and others, to release some of that stuff into the market to keep prices down."

Prime Minister David Cameron and US President Barack Obama reportedly discussed releasing some oil from stockpiles when Cameron was in Washington earlier this month.


Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote