Opec's economic and technical think thank, the Economic Commission Board (ECB), met on 23-24 November to discuss the looming stock release after the US announced plans to offer long-term loans of up to 32mn bl of sour crude from its Strategic Petroleum Reserve (SPR) for delivery by 30 April and to sell another 18mn bl of SPR crude outright over the next "several months". Five other countries committed to join the US in its attempt to lower fuel prices, but the exact scale and timing of the co-ordinated stock release are unclear. India said it plans to release 5mn bl from its strategic stocks at an ... (full story)