Article #260420

South China Morning Post - World News

South China Morning Post - World News

Title IEA agrees to record release of emergency oil reserves to calm surging prices Source South China Morning Post - World News
Description The International Energy Agency agreed on Wednesday to release the largest volume of emergency oil reserves in its history, in a bid to counter the effects on energy markets of the war in the Middle East. The Paris-based organisation said it will make 400 million barrels of oil available from its members’ emergency reserves. It’s a larger stock than the 182.7 million barrels that were released in 2022 by the IEA’s 32 member countries in response to Russia’s invasion of Ukraine. IEA member...
Link https://www.scmp.com/news/world/article/3346265/iea-agrees-record-release-emergency-oil-reserves-calm-surging-prices?utm_source=rss_feed Published At 2026-03-11 10:36:59 (3 weeks ago)
Created At 2026-03-11 10:38:38 Updated At 2026-03-11 10:38:38