After the Strategic Reserves Run Dry
13 Articles
13 Articles
After the Strategic Reserves Run Dry
Two-Thirds Gone, Winter Ahead On 30 September the US Department of Energy put the last 40 million barrels of its share of March’s emergency release up for loan. That quietly closed a chapter. The record 400-million-barrel collective action agreed by the International Energy Agency’s 32 members on 11 March is now largely spent: IEA chief […]
ledauphine.com
The International Energy Agency released 80% of the 400 million barrels promised in March, while the G7 just announced a new operation before the US elections.
IEA says 325 million barrels of emergency oil has been released
G7 leaders agreed on Friday to release 100 million barrels of diesel and crude after US pressure on Europe, with supplies squeezed by Iran's restrictions on shipping through the Strait of Hormuz. The International Energy Agency said Saturday that member countries had so far released 325 million…
Over 80% of the emergency oil reserves promised in March by the Member States of the International Energy Agency (IEA) have already been released, the head of the agency informed the G7 leaders.
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