Novak said that the release of oil reserves by the IEA countries does not cover the shortage in the world

Novak said that the release of oil reserves by the IEA countries does not cover the shortage in the world

The oil that the member countries of the International Energy Agency (IEA) are releasing from their reserves is not enough to cover the deficit created in the world market, says the Russian Deputy Prime Minister, Alexander Novak. "The balances that are currently in active use from various reserves, from the reserves of the countries that are members of the International Energy Agency - USA, European countries, a decision has already been made to release about 500 million barrels from reserves.