Member countries of the International Energy Agency will be releasing a total of 182.7 million barrels of oil from emergency stocks over six months, of which 74 percent will come from public stocks and the remaining 26 percent from lowering of national stockholding obligations set on industry, the IEA said on Friday in an update on the oil stocks release. Since the Russian invasion of Ukraine, the IEA members, including the United States, have announced releases from Strategic Petroleum Reserves (SPRs) to try to tame soaring oil and gasoline…
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