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LN24 > Blog > strategic petroleum reserves
11
Mar

IEA Proposes Record Release of Strategic Oil Stocks to Stabilize Global Markets

  • LN24 / 2 months
  • 0
  • 3 min read

The International Energy Agency (IEA) has proposed the largest coordinated release of emergency oil reserves in history, as governments scramble to stabilize global energy markets amid escalating conflict in the Middle East and severe disruptions to oil shipping routes. The Paris-based energy watchdog announced that its 32 member countries have agreed to make around 400 […]

09
Mar

G7 to Discuss Joint Release of Emergency Oil Reserves, French Source says

  • LN24 / 2 months
  • 0
  • 3 min read

Finance ministers from the Group of Seven (G7) advanced economies are set to hold an emergency meeting on Monday to consider a joint release of strategic oil reserves in an effort to calm surging global crude prices and shield vulnerable economies from further fallout, a French government source said. The talks, confirmed by officials in […]