International Energy Agency: Another 100 million barrels of oil reserves are on the way to the market

International Energy Agency: Another 100 million barrels of oil reserves are on the way to the market

The International Energy Agency announced on Wednesday, Mehr 15, as part of the program that began in March, that it will speed up the process of releasing the oil reserves and give priority to the supply of diesel.

This action comes as governments try to deal with unprecedented fuel prices and supply disruptions caused by the Iran war.

The war in Iran and Ukraine damaged the refineries and disrupted the movement of oil tankers; A problem that led to an unprecedented increase in diesel prices in many markets and made this fuel an important issue in the world's political and economic arena.

The International Energy Agency announced that the acceleration of releases announced earlier could bring about 100 million barrels of oil to the market. The statement by this advisory body of industrialized nations was issued after the Group of Seven countries agreed on Friday to release 100 million barrels of crude oil and diesel; An agreement that increased expectations for the release of additional oil reserves.

Read the full report on the Radio Farda website.