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IEA's Asian members begin deploying emergency oil reserves
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IEA's Asian members begin deploying emergency oil reserves
International Energy Agency head Fatih Birol said Asian members were releasing more than 100 million barrels of crude to stabilize markets
Jack Dutton
Mar 16, 2026
A fuel pump is seen while refuelling a car at a gas station on Mar. 13, 2026 in Kobe, Japan. — Buddhika Weerasinghe/Getty Images
The International Energy Agency (IEA) has begun releasing its emergency reserves of oil to the market, with Asian members starting to deploy barrels on Monday, the head of the Paris-based agency said.
What happened: On March 11, the IEA said its 32 member states unanimously agreed to draw a record 400 million barrels from its emergency stocks to "address disruptions in oil markets stemming from the war in the Middle East".
IEA Executive Director........
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