The Economic Times

Over 400 million barrels of emergency oil reserves to flow to global markets soon, IEA says

Global markets will soon see oil flowing from International Energy Agency emergency reserves. Member countries are pledging over 411 million barrels. This significant release includes crude oil and oil products. Stocks from Asia Oceania countries are available immediately. Europe and Americas will make their stocks available by the end of March. This action aims to stabilize global oil supplies.