IEA Speeds Up Remaining Oil Stock Release, Including Diesel
Member countries will accelerate distribution of about 100 million barrels left in the agency’s March emergency program, including 20 million barrels of diesel.
Key takeaways
- About 100 million barrels remain from the IEA’s March program.
- The planned release includes about 20 million barrels of diesel.
The International Energy Agency said its member countries will speed up distribution of about 100 million barrels of oil still left in an emergency program launched in March. The plan includes about 20 million barrels of diesel, which the agency said would be released as soon as possible.
Members initially pledged to release 400 million barrels of oil and petroleum products. About 330 million barrels had been released by October, according to the agency.
The remaining volume is part of the existing program, not a new intervention. The agency said total releases will exceed the original pledge because some members supplied more than they initially committed.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
