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International Energy Agency: Oil from emergency reserves will soon begin to flow into the global market
By: rootdata|2026/03/16 00:42:00
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According to Jinshi News, the International Energy Agency (IEA) stated that oil from emergency reserves will soon begin to flow into the global market, with stocks from Asian and Oceanian countries available for immediate use, while stocks from Europe and the Americas will be available by the end of March.
Governments have committed to releasing 271.7 million barrels of crude oil from strategic petroleum reserves and 116.6 million barrels of crude oil from mandatory industry reserves, with member countries in the Americas providing 172.2 million barrels of oil. Of the planned oil release, 72% is crude oil and 28% is petroleum products.
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