IEA says oil from emergency stocks to flow in Asia immediately

The International Energy Agency said oil from a record stockpile release will be made available in Asia immediately as buyers in the region clamour to replace barrels lost to war-related disruptions in the Middle East. The agency released a statement after it said it received implementation plans from member states. Barrels for Europe and the Americas will only be made available from the end of March. The IEA last week said that the oil market is seeing the biggest supply disruption in histor...

By Bloomberg

Iran crisis: IEA says strategic oil reserves to be released immediately in Asia-Oceania

Asia and Oceania will immediately receive strategic oil reserves, while the Americas and Europe will start releases by late March. This emergency action by the IEA aims to cushion the oil shock from the West Asia war, releasing 271.7 million barrels globally. Despite this, oil prices remain near $100, highlighting concerns over the Strait of Hormuz closure.

By TOI BUSINESS DESK

IEA says oil from emergency stocks to flow immediately in Asia - The Straits Times

IEA says oil from emergency stocks to flow immediately in Asia  The Straits Times

Emergency stockpile oil coming soon to Iran-wracked markets, IEA says

More than 400 million barrels of oil from International Energy Agency emergency reserves will begin flowing soon, the agency said in its most detailed account of the rollout of the plan to combat a spike in crude prices since the start of the Iran war. Stocks from Asia and Oceania countries will be available immediately and stocks from Europe and […]

By Newsroom

IEA says over 400 million barrels from reserves to enter market soon

The International Energy Agency said Sunday more than 400 million barrels of emergency oil reserves pledged by member countries will soon be released to global markets to help ease...