Economy Politics Local 2026-03-25T21:18:50+00:00

Ready to Release Oil Reserves

IEA Executive Director Fatih Birol announced readiness to release additional oil reserves to stabilize the market amid rising oil prices.


Ready to Release Oil Reserves

Fatih Birol, Executive Director of the International Energy Agency, said on Wednesday that he is ready to release additional oil reserves if necessary. This measure can be taken to stabilize the global energy market. The decision was made amid rising oil prices. Birol emphasized that the agency is closely monitoring the situation. He also added that the agency is ready to take further steps to ensure energy security.