International Energy Agency considers releasing emergency oil reserves
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- First seen: March 13, 2026 at 06:05 PM UTC
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- Last updated: March 16, 2026 at 06:03 PM UTC
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IEA to consider release of more oil reserves as Iran war keeps prices high
Head of world’s energy watchdog says it will take time for markets to recover from ongoing crisis in strait of Hormuz The world’s energy watchdog will consider releasing further emergency crude stocks into the global market to cool rising oil prices after warning that it will take time for markets to recover from the ongoing crisis in the strait of Hormuz. Fatih Birol, the head of the International Energy Agency, said its members continued to hold large reserves of emergency oil stocks even after agreeing to the biggest release of government crude in the history of the market, meaning more emergency oil reserves could still be released “as and if needed”. Continue reading...
The Guardian WorldMarch 16, 2026 at 05:51 PM UTCEmergency stockpile oil coming soon to Iran-wracked markets, IEA says
Stocks from Asia and Oceania countries will be available immediately and stocks from Europe and the Americas will be available at the end of March, the agency said
The Hindu InternationalMarch 15, 2026 at 08:46 PM UTCIEA says oil from emergency stocks to flow in Asia and Oceania immediately
The International Energy Agency (IEA) said oil from a record stockpile release will be made available in Asia and Oceania immediately as buyers in the region clamour to replace barrels lost to war-related disruptions in the Middle East. The agency released a statement after it said it received implementation plans from member states. Barrels for Europe and the Americas will only be made available from the end of March. The IEA last week said that the oil market is seeing the biggest supply...
SCMP WorldMarch 15, 2026 at 04:02 PM UTCIEA due to meet as member states mull releasing oil reserves amid Iran war
International Energy Agency chief says talks aim to assess conditions as US-Israel war on Iran fuels global uncertainty.
Al JazeeraMarch 10, 2026 at 04:37 PM UTC