US EditionUS to Release 172mn Barrels From SPR in Co-Ordination with IEA
11 Articles
11 Articles
The move is part of the IEA's decision to release more than 400 million barrels as concerns grow about the biggest supply disruption in history.
Initial volumes of emergency oil reserves already released: IEA
PARIS, March 19 (Xinhua) -- Initial volumes of oil from emergency reserves have already been available to the market, the International Energy Agency (IEA) said on Thursday, following an agreement by its member countries to release oil from stockpiles. Read full story
The International Energy Agency has released its strategic reserves to 426 million barrels.
The International Energy Agency (IEA) has announced that it has already begun to market "the initial volumes" of strategic oil reserves, which have been slightly revised from the initial 400 million barrels to the initial 426 million barrels (301 million crude and 125 million derivatives). "The overall release of emergency stocks will consist mostly of crude oil, while in Europe contributions will mainly take the form of refined petroleum produc…
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