International Energy Agency: Emergency Oil Reserves to Be Released to Market Soon

2026-03-16 22:38:32

People’s Financial News, March 16 — The International Energy Agency announced on the 15th that member countries will soon release emergency oil reserves to ease the current international oil supply tightness. The statement said that all member countries have submitted specific implementation plans to the IEA. According to the plan, Asian and Oceania member countries will be the first to release reserves, while oil stocks from the Americas and Europe will be gradually released starting from the end of March. (Xinhua News Agency)

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