US, UK and France consider oil release to curb fuel prices
Earlier in March, British sources said London was prepared to cooperate with Washington on a release of strategic oil stocks that was expected within months, in a bid to prevent fuel prices choking economic growth in what is also a US election year.
France's Energy Minister Eric Besson told journalists after the weekly ministers' meeting that the United States had asked France to join it in a possible emergency inventory release.
Such a release could happen "in a matter of weeks", Le Monde daily said on Wednesday, citing presidential sources.
"It is the United States which has asked and France has welcomed favourably this hypothesis," Besson said. He also said that the countries were awaiting conclusions from the International Energy Agency (IEA), which coordinates emergency stock releases in case of severe oil supply disruption.
http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/9171572/US-UK-and-France-consider-oil-release-to-curb-fuel-prices.html
