The IEA has agreed to release the remaining 100 million barrels from emergency stockpiles, following a US proposal to supplement the existing emergency release. The move would add supply to global oil markets.
IEA has agreed to complete release of outstanding 100 million barrels of oil.
The release follows a US proposal to supplement the existing emergency release.
The International Energy Agency has agreed to complete the release of the outstanding 100 million barrels of oil from emergency reserves, according to a report. The decision follows a US proposal to IEA nations expressing dissatisfaction with the current emergency release and suggesting an additional 100 million barrel supplement.
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