The International Energy Agency (IEA) announced that more than 400 million barrels of oil from its emergency reserves will begin to be released. This decision was made in response to the current situation in the global energy market. The agency emphasized that the measures are aimed at ensuring stability and reducing prices. It was previously reported that a number of countries had agreed to jointly use the reserves. The IEA also pointed out the need for future monitoring of the situation. Experts believe that this measure will have a temporary impact on the market.
IEA to Release Over 400 Million Barrels of Oil
The International Energy Agency announced the release of over 400 million barrels of oil from its strategic reserves to stabilize the market and reduce prices.