InternationalNewsAPI
IEA Proposes Largest Ever Oil Stockpile Release, WSJ Says - Bloomberg
Overview
The IEA moved from proposing to announcing the largest-ever coordinated release of 400 million barrels to counter price spikes from the Iran war. That coordinated release is now more urgent given the IEA's separate warning about dwindling European jet fuel stocks, which could make targeted releases and demand-reduction measures necessary to avert flight cancellations and ease pressure on refined fuel markets.
Entities
ORGBloombergORGWall Street JournalORGWSJORGInternational Energy AgencyIEA
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