Deep Tide TechFlow News: On March 15, according to Golden Ten, the International Energy Agency (IEA) stated that oil from emergency reserves will soon begin flowing into the global market. Inventory from Asian and Oceania countries will be immediately available, while inventory from Europe and the Americas will be available by the end of March. Governments have committed to releasing 271.7 million barrels of crude oil from strategic petroleum reserves and 116.6 million barrels from mandatory industry reserves. Member states in the Americas will provide 172.2 million barrels of oil. Of the planned oil releases, 72% will be crude oil and 28% will be petroleum products.
Deep Tide TechFlow News: On March 15, according to Golden Ten, the International Energy Agency (IEA) stated that oil from emergency reserves will soon begin flowing into the global market. Inventory from Asian and Oceania countries will be immediately available, while inventory from Europe and the Americas will be available by the end of March. Governments have committed to releasing 271.7 million barrels of crude oil from strategic petroleum reserves and 116.6 million barrels from mandatory industry reserves. Member states in the Americas will provide 172.2 million barrels of oil. Of the planned oil releases, 72% will be crude oil and 28% will be petroleum products.