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IEA Rules Out Second Oil Reserve Release
The International Energy Agency stated that it currently does not plan to release a second batch of oil from strategic reserves, confirming that 80% of the stock remains available after releasing 400 million barrels in March. The agency also expressed concern about European gas reserves, which are currently around 62%, as the European Union continues to aim to raise this to 80% by December, amid fears that Europe could be affected by a harsh winter.
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