Switzerland Does Not Participate in Iea Release of Oil Reserves

Schweizer Radio und Fernsehen (SRF)

Lean Left

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Switzerland does not participate for the time being in the voluntary release of oil reserves of the International Energy Agency.

Moneycab

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According to Federal President Guy Parmelin, there is no serious shortage of oil in Switzerland at the moment. Therefore, the Federal Council has not yet followed the call of the International Energy Agency to release oil reserves.

Doble Llave

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DOBLE LLAVE – The member countries of the International Energy Agency (IEA) will gradually release 400 million barrels of oil to the market, the largest intervention in history, which will come out in 70 percent of the G7 reserves. On Wednesday the IEA decided to release one third of the strategic reserves of its 32 member states to the market in order to face the crisis due to the blockade of the Strait of Ormuz, following the attacks of the Un…