EU nations to publish oil stocks weekly

EU nations to publish oil stocks weekly : Aiming to cool rocketing oil prices, European Union nations agreed Tuesday to publish how much oil they have in reserve every week to reassure traders. Most European countries currently publish information on their oil reserves every month. French Finance Minister Christine Lagarde said more transparency on oil stocks "means we can have a consistent, coherent picture" of what is happening on the oil market. The European Commission should put forward details on how this should be done when the EU's 27 finance ministers meet in October, she said after chairing talks on the economy between EU countries. EU Economic and Monetary Affairs Commissioner Joaquin Almunia said several EU countries — including Germany _had been reluctant about publishing stocks more regularly when the idea was... [read full story]