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Euronews
Euronews
Doloresz Katanich

IEA could consider more oil reserve releases as Europe faces tough winter

European Union IEA Europe Oil United States Fatih Birol Oxford Economics Dan Jørgensen Iran Euronews

The IEA has hinted that releasing further strategic oil reserves could be an option to ease supply shortages.

Speaking at a meeting of EU energy ministers in Dublin, International Energy Agency Executive Director Fatih Birol said that the agency has released 400 million barrels of crude oil from its strategic reserves since March and that one-third of that has yet to “come to the markets”.

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