IEA ready to release more oil reserves if necessary

The International Energy Agency (IEA) is prepared to release additional oil from its strategic reserves if market conditions require further action. According to IEA Director Fatih Birol, member countries maintain substantial reserves and stand ready to deploy them to address ongoing supply constraints.

In response to particularly tight conditions in global diesel markets, IEA member countries have agreed to prioritize the release of diesel stocks where possible. This targeted approach aims to alleviate acute shortages affecting the fuel sector.