The International Energy Agency (IEA) is set to hold an emergency meeting Friday among consuming nations to discuss a new release of strategic reserves alongside a plan by the United States to pump massive supplies starting in May to cool soaring oil prices, reported Reuters.
Global oil prices soared more than 30% this year; major consumers seek ways to ease the impact on their economies after top producers group OPEC+ stuck to plans to add a modest 432,000 barrels per day of supply in May.
