IEA seeks China's cooperation on oil stockpile use
London
THE International Energy Agency (IEA), which advises industrialised nations on energy policy, wants to coordinate with China on using oil stockpiles in the event of a crisis, its newly appointed chief said in Beijing.
"China is the most important player in the global energy market" and should become "a full participant" in the IEA's work to secure supplies, said Fatih Birol, who became the agency's executive director on Sept 1. While the Paris-based organisation's 29 members can collectively tap emergency oil inventories to c…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Oil holds near 3-week low as US sanctions interrupt easing tensions
Seatrium unit ordered to pay US$108 million in arbitration over equipment supply contracts
BP reshapes its leadership team as some executives leave
BHP to decide on future of nickel business by August, trims met coal estimates
Even without war in the Gulf, pricier petrol is here to stay
Gold gains as Middle East tensions lift safe-haven appeal