Pessimistic
Last updated: 2026-03-13 04:14:41 ET
Vast release of emergency crude reserves fails to quell mounting fears about supply crunch, rattling marketsMiddle East crisis – live updatesOil mar...
Worries come despite International Energy Agency members agreeing to release the largest ever amount of oil from emergency supplies.
The degree to which the IEA acted is being interpreted that the conflict could continue for many weeks, said analysts.
The IEA said Wednesday that its 32 member countries would release 400 million barrels of oil from emergency reserves.
IEA member states will distribute 400 million barrels of oil to ease the Iran war-caused supply crunch.
Max Layton, Citi global head of commodities research, joins 'The Exchange' to discuss the IEA's decision to release barrels of oil, which parts of the...
The emergency oil release — the largest in the multinational organization's history — could help ease oil prices in the short term, according to a...
Members agree unanimously to release about 400m barrels amid market volatility caused by Iran warBusiness live – latest updatesMiddle East crisis li...
IEA members currently hold roughly 1.2 billion barrels in public stocks.
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