TechFlow News: According to a report by JIN10 on March 15, the International Energy Agency (IEA) stated that oil from emergency reserves will soon begin flowing into the global market. Stocks from Asian and Oceanian countries will be immediately available, while stocks from European and American countries will become available by the end of March. Governments worldwide have pledged to release 271.7 million barrels of crude oil from strategic petroleum reserves and 116.6 million barrels of crude oil from mandatory industry reserves. Member countries in the Americas will supply 172.2 million barrels of oil. Of the total oil scheduled for release, 72% is crude oil and 28% is petroleum products.
Add to Favorites
Share to Social Media
