IEA Ready to Coordinate Further Release of Emergency Oil Reserves
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4 Articles
IEA ready to coordinate further release of emergency oil reserves
Paris, Oct. 20 (SANA) The International Energy Agency (IEA) is ready to coordinate a further release of member countries’ emergency oil reserves if circumstances warrant, Executive Director Fatih Birol said on Tuesday, as global fuel markets remain under pressure and diesel prices continue to rise. Reuters quoted Birol as saying at a conference in London that the immediate priority was to accelerate the release of more than 20 million barrels of…
The Executive Director of the International Energy Agency (IEA) is not expecting a return to balance in the oil market next year. Fatih
London: Fatih Birol, Executive Director of the International Energy Agency (IEA), said today Tuesday that the Agency was ready to coordinate the withdrawal of further oil contingency reserves by its member States if needed at a time when the Agency was urging the withdrawal of diesel stocks under current plans to help reduce rising prices.
International Energy Agency is ready for further release of oil reserves if necessary, says Director
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