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IEA discusses G7 plan to release 100 million barrels of oil and diesel stocks
- Mountain Time
- Local time
- 1:30 PM UTC
- Where
- Not specified
The International Energy Agency held an informal meeting on the planned G7 release of 100 million barrels of oil and diesel reserves, according to two EU diplomats cited by Reuters. The release mechanics, volumes and timing had not yet been publicly announced.
Why it matters
Governments and fuel buyers still lack a schedule for the pledged emergency stocks release, leaving uncertainty over when additional diesel and crude supply could reach markets.
Source
- OilPrice.comoilprice.comPublished
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