Sarah Emerson, president of Energy Security Analysis, discusses why the International Energy Agency decided to sell off some of its strategic petroleum oil reserves and how much good the move can do.
The International Energy Agency is planning to release 60 million barrels of oil from its strategic reserves — half of which will come from U.S. reserves.
The U.S. and the International Energy Agency announced today that they plan to release 60 million barrels of crude oil from reserves over the next 30 days. Adolfo Laurenti, deputy chief economist with Mesirow Financial, explains.
Chris Low, chief economist with FTN Financial, explains some of the factors that are brining down the cost of oil, and when we'll see the prices down at the gas pump.
The International Energy Agency has raised its forecast for global oil demand over the next five years, and expects that demand for North America's oil supply will also rise.