IEA Recommends 400 Million Barrel Oil Release
The IEA will recommend releasing 400 million barrels of oil from strategic reserves on Wednesday, March 11.
Atlas Newsdesk ·
The International Energy Agency (IEA) is set to recommend the release of oil from strategic reserves at 1300 GMT on Wednesday, March 11. This recommendation, confirmed by two sources familiar with IEA discussions, may involve a total of 400 million barrels. The IEA's decision aims to address global oil market conditions, potentially increasing supply and influencing prices in the short to medium term. The agency did not immediately comment on the impending announcement.