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Unprecedented Amount of Oil Reserves Released into the Market

March 12, 2026إقتصاد - الشعبechaab.dzTranslated from Arabic
Unprecedented Amount of Oil Reserves Released into the Market

The head of the International Energy Agency, Fatih Birol, announced that member countries reached an agreement to withdraw 400 million barrels from strategic oil reserves to compensate for the supply shortage caused by military escalation in the Gulf and Middle East, marking the largest amount ever withdrawn in the agency's history.

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