off-the-wire

IEA says total oil stock release will exceed 400 million barrels

Kitco Media
By Reuters
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Updated:
Reuters
IEA says total oil stock release will exceed 400 million barrels teaser image

PARIS, Oct 15 (Reuters) - The International Energy Agency ​said on Thursday that ‌the total amount of stocks to ​be released will ​exceed the original 400 ⁠million barrels agreed ​upon in March ​and its members have committed to speed up the ​release of ​the remaining volumes.

IEA have agreed ‌to ⁠take all necessary steps to complete the remaining releases ​of around ​100 ⁠million barrels, including over 20 ​million barrels ​of ⁠diesel, in a timely manner consistent ⁠with ​national circumstances, ​the agency added.

Reporting by Forrest ​Crellin and Inti Landauro

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