Commodities
IEA agrees to complete the release of the outstanding 100mln barrels of oil; IEA seeks to release 20mln barrels of diesel as soon as possible
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The IEA agreed to complete the outstanding 100 million-barrel release; the total is set to exceed 400 million barrels, and it seeks a prompt 20 million-barrel diesel release.
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Some IEA Members have released higher volumes than initially pledged in March while other Members intend to do so, making the total amount of stocks to be released exceed the original total of 400 million barrels. Encouraged those IEA Members holding oil production and refining capacities to boost supply of crude and refined products, particularly diesel.
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