The IEA says it will complete the remaining 100 million barrels of oil pledged in its March emergency release, bringing the total above 400 million barrels, and is urging members to speed deliveries with diesel prioritized as fuel markets tighten.
The International Energy Agency said that members agreed to complete the release of 100 million barrels of oil that are still outstanding from an intervention in March aimed at calming global markets.
The International Energy Agency said it will release more than 400 million barrels of oil initially agreed upon in March as part of an effort to curb global fuel prices. The Paris-based IEA said Thursday in a statement that it will complete the release of the remaining 100 million barrels of oil i…
The International Energy Agency will release more than 20 million barrels of diesel as soon as possible and accelerate the rest of its emergency oil draw, Total releases are now set to exceed the 400 million barrels pledged in March.