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IEA Agrees To Record Release Of Emergency Oil Reserves In An Effort To Calm Surging Prices
The International Energy Agency has agreed to release the largest volume of emergency oil reserves in its history, in a bid to counter the effects on energy markets of the war in the Middle East.
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huffpost.com
International Energy Agency Mulls Largest Ever Oil Release To Lower Crude Prices: Report
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cnbc.com
IEA countries to meet later Tuesday on release of oil reserves, but no decision made yet
The IEA's members are advanced economies in North America, Europe and Northeast Asia. They collectively hold about 1.2 billion barrels of oil in reserve.
