US Edition
Strategic oil stocks to be released 'immediately' in Asia, Oceania: IEA
The International Energy Agency announced a 271.7 million barrel release from strategic reserves to ease the largest global oil supply disruption caused by the Middle East conflict.
7 Articles
7 Articles
Strategic oil stocks to be released 'immediately' in Asia and Oceania: IEA
America and Europe begin reserve releases starting end of March.IEA releases 271.7 million barrels to cushion oil price surge.Agency urges insurance, protection to restore Hormuz shipping.Strategic oil reserves will be released...
Of the 400 million barrels destocked worldwide, the International Energy Agency (IEA) accounts for 172.2 million barrels from stocks on the American continent, nearly 110 million barrels from Asia-Oceania and as much from Europe.
In the face of rising prices caused by the war in the Middle East, the member countries of the International Energy Agency are going to massively inject oil into the market. The first deliveries must take place immediately in Asia and Oceania.
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
