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Will releasing millions of barrels of oil stockpiles really bring down fuel costs?
Despite rare act of multilateralism, there is no guarantee the IEA’s release of 400m barrels from reserves will depress prices
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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.
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tass.com
IEA proposes largest ever oil release from strategic reserves — WSJ
A decision on this issue is to be made on March 11
