
International Energy Agency: Over 400 million barrels of oil reserves will flow to markets soon
The International Energy Agency stated today, Sunday, that its emergency oil reserves will soon begin to flow into global markets, with member countries pledging to provide 411.9 million barrels of oil. The International Energy Agency clarified in a statement that governments committed to providing 271.7 million barrels of oil from their stockpiles, 116.6 million from dedicated industry stocks, and 23.6 million from other sources. It noted that 72% of the quantities to be released will be crude oil, and 28% petroleum products, while the agency revealed that stocks from Asian and Oceania countries will be available immediately, while stocks from Europe and the Americas will be available by the end of March.









