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nitpicked

(1,725 posts)
Wed Mar 11, 2026, 10:34 AM Yesterday

'Unprecedented' situation leads to 'largest ever' release of 400m oil barrels - IEA [View all]

https://www.bbc.com/news/live/cd70wzw9vqlt

10:23
Announcing the "largest ever" release of 400m barrels of oil, the International Energy Agency (IEA) said its 32 member countries voted unanimously in favour of the move.
(snip)

The IEA says the emergency stocks will be made available to the market over a "timeframe that is appropriate to the national circumstances" of each member country.

It is the sixth time the IEA has approved a coordinated release of oil stocks, having previously done so in 1991, 2005, 2011, and twice in 2022, it says.

It adds that its members hold emergency stockpiles of more than 1.2 billion barrels, with a further 600 million barrels of industry stocks held under government obligation.
(snip)
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