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[size=38]International Energy Announces The Largest Pumping Of Oil From Emergency Reserves
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LAST UPDATE 04/08/2022 | 11:30 AM
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The International Energy Agency approved a new release of oil from emergency reserves of 120 million barrels, the largest in its history, in an attempt to boost supplies.
She stressed that during the next six months, about 240 million barrels of oil reserves will be available in emergency situations, equivalent to more than one million barrels per day in the global market.
According to a statement issued by the International Energy Agency on Thursday, member states will commit to release 120 million barrels of emergency reserves over the next 6 months.
The United States is scheduled to contribute about 60 million barrels, part of the largest withdrawal from the strategic oil reserves, announced on March 31.
The unanimous agreement among IEA member states came on April 1 after releasing more than 60 million barrels last month, in response to significant pressures in oil markets caused by Russia's military operation in Ukraine. finished 25
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