LONDON : The International Energy Agency on Wednesday said its member countries had agreed to release 120 million barrels of oil, with the United States contributing half, in a bid to cool oil prices after Russia's invasion of Ukraine.
"The @IEA is moving ahead with a collective oil stock release of 120 million barrels ," IEA Executive Director Fatih Birol tweeted.
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IEA still examining details of coordinated oil release -Japan industry ministerTOKYO : The International Energy Agency (IEA) is still examining details of a planned second round of the coordinated release of oil reserves, Japanese industry minister Koichi Hagiuda said on Tuesday.Japan aims to make a decision on its release plan swiftly after receiving official notification from the
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »