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الراي
Energy Agency Ready to Release More Oil Reserves
Fatih Birol, Executive Director of the International Energy Agency, announced that the agency is prepared to coordinate the release of additional emergency oil reserves if necessary, to address the rising diesel prices resulting from supply disruptions from the Gulf countries and Russia. The agency has decided to accelerate the withdrawal of more than 20 million barrels of diesel as part of the emergency plan, aiming to lower prices and delay the impact of inflation. The agency also continues to expect that the market could experience prolonged instability into next year. He explained that the current withdrawal amount has reached 80% of the standard quota of 400 million barrels and noted that market conditions and the timing of interventions vary from country to country.
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