• Inside Labour

    Away with empty rhetoric and slogans - labour needs to focus on real issues, says Terry Bell.

  • Wrap-up: Davos insights

    Alec Hogg speaks about the top three issues at this year's World Economic Forum.

  • Netflix and SA video

    Much of Netflix's potential impact on SA has already been made, says Arthur Goldstuck.

Loading...
See More

Cable confirms talks on oil reserves

Mar 23 2012 17:35 Sapa-AP

Related Articles

Oil lower amid talk of tapping reserves

Oil up as US-UK crude pact denied

Obama, Cameron discuss tapping oil reserves

Oil prices higher on Fed's low rates

Brent steady, eyes US reserves, eurozone

US, UK set to release emergency oil stocks

 
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.

NEXT ON FIN24X

 

Latest Articles

Fun and inexpensive things to do with the kids Read More...
8 simple ways to earn extra money Read More...
6 motivational tips to help you save this year Read More...
Invest for Income Read More...
 
 

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
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Money Clinic

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