IEA: Accelerate Withdrawal of 100 Million Barrels of Oil from Strategic Reserve
Qiyas summary
Members of the International Energy Agency support accelerating the withdrawal of 100 million barrels from oil reserves, with a focus on diesel stocks.
Translated by Qiyas from الجريدة — Original source
The International Energy Agency said in a statement on Wednesday that member countries supported accelerating the release of approximately 100 million barrels of oil reserves previously pledged to the markets in March, with a focus on diesel stocks.
The statement noted that agency members still hold reserves equivalent to about 1.1 billion barrels, including more than 200 million barrels of diesel.
