South Korea to release record 22.46M barrels from oil reserves

South Korea to release record 22.46M barrels from oil reserves

S. Korea will release 22.46 million barrels of oil reserves in coordination with the International Energy Agency to address global supply disruptions

South Korea joins record IEA oil reserve release as Gulf crisis disrupts supply

South Korea’s trade ministry said Thursday the country will release 22.46 million barrels of crude from its strategic petroleum reserves as part of a coordinated action by the International Energy Agency (IEA) to stabilize global oil markets amid disruptions linked to the Middle East conflict. The IEA said its 32 member countries agreed on Wednesday […] The post South Korea joins record IEA oil reserve release as Gulf crisis disrupts supply appe…