TOKYO -- The coordinated release of petroleum reserves by major oil consumers including the U.S., China, Japan and India crosses a line that may signal a breakdown in what had been a mostly amicable relationship between the two sides of the market.
Move to rein in rally unsettles tacit cooperation frayed by pivot from carbon
An oil field in Saudi Arabia. Riyadh has in recent years worked to help manage oil prices to mutually acceptable levels. © Reuters
TOKYO -- The coordinated release of petroleum reserves by major oil consumers including the U.S., China, Japan and India crosses a line that may signal a breakdown in what had been a mostly amicable relationship between the two sides of the market.