The International Energy Agency (IEA) released a statement on Wednesday following a meeting, revealing that Member governments supported “accelerating the oil stock releases announced in the Collective Action of March 2026 with a view to completing them as soon as possible.” Furthermore, the members also agreed that the release of diesel stocks should be prioritized given the current market situation, while hailing the Group of Seven’s (G7) recent statement on global energy security and market stability. “To date, approximately 325 million barrels of oil have been released under the March 2026 Collective Action … The full release of all the stocks that had been pledged but have not yet been released would bring approximately 100 million barrels to the market,” the IEA detailed.
NN: Another publicity stunt. This does not come close to replacing the missing oil