Beirut: No review of new oil withdrawal

The International Energy Agency confirmed that it is not currently considering releasing a new batch of strategic oil reserves, after releasing 400 million barrels in March to support markets and compensate for supply disruptions. The agency is closely monitoring the oil markets, with 80% of reserves still available, amid geopolitical tensions and their impacts on oil and gas supplies. The agency also expressed concern over Europe's natural gas inventories, which have fallen to around 62%, and plans to increase storage to 80% by December, warning of potential challenges this winter if harsh weather conditions occur.

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