Middle East Economic Survey


No 44



OPEC President Asks US To Release Crude From SPR

OPEC President and Indonesian Oil Minister Purnomo Yusgiantoro said on 26 October he had asked the US to release crude from its Strategic Petroleum Reserve (SPR). I am always asking them to do that, he said, adding that there was no need for a formal request to the US but he had made his wishes known through the OPEC Secretariat. The surprise move flies in the face of the general drift...