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ReportedShipping, energy & marketsIEA member countries

IEA accelerates emergency diesel and oil-stock release

Mountain Time
Local time
7:00 PM UTC
Where
IEA member countries

The International Energy Agency will make more than 20 million barrels of diesel available as soon as possible and accelerate remaining deliveries from its emergency oil release, OilPrice.com reported. The outlet said the total coordinated release is now expected to exceed 400 million barrels.

Why it matters

Faster diesel deliveries could affect near-term European gasoil availability and refine the timing of emergency supply relief while Hormuz disruptions constrain oil trade.

Source

Confidence: Published by a named news organization. Not yet independently confirmed. About confidence labels