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IEA announces that its members will release 120 million barrels of oil reserves

 Last Update: 2022-04-26
 Source: Internet
 Author: User

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Fatih Birol, executive director of the International Energy Agency, announced on the 7th that the member states of the agency will release 120 million barrels of oil reserves to deal with the impact of the Russian-Ukrainian conflict
.

It is reported that the 60 million barrels that the United States will release this time is part of the 180 million barrels of oil reserve release plan announced by US President Biden on March 31
.

This is the second time in more than a month that the International Energy Agency has announced the release of oil reserves
.

On March 1, the agency announced the release of 60 million barrels of oil reserves

The International Energy Agency was established in 1974 and includes 31 member countries with a total of 1.

5 billion barrels of oil reserves

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