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IEA Releases 400 Million Barrels of Oil – The Largest Release in History

Published March 11, 2026, 17:17
IEA Releases 400 Million Barrels of Oil – The Largest Release in History

The International Energy Agency (IEA) has decided to release 400 million barrels of oil from strategic reserves, an unprecedented move in size. The decision was made at an emergency meeting of member countries, aiming to address challenges in the oil market due to geopolitical tensions. The release will be gradual, prioritizing countries with the greatest need. The IEA has a total of over 1.2 billion barrels in reserves, along with industrial reserves. Similar actions have been taken in the past, but none have reached this scale. This move comes as a response to rising oil prices and the prevailing energy uncertainty.