325 million barrels of oil released from strategic reserves: International Energy Agency

By The Economic Times

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Around 325 million barrels of oil have been released from strategic reserves, said the International Energy Agency (IEA) on Saturday. It represented over 80 percent of the 400 million barrels originally pledged from the collective action announced by the IEA in March. IEA Executive Director Fatih Birol said Friday during a virtual meeting of Group of Seven (G7) leaders that the energy market impacts of the Strait of Hormuz crisis remained acute, especially in diesel markets. He stressed the IEA's ongoing work to support energy security. ► Subscribe to The Economic Times for the latest video updates. It's free! - https://www.youtube.com/TheEconomicTimes?sub_confirmation=1 ► More Videos @ ETTV - https://economictimes.indiatimes.com/TV ► https://EconomicTimes.com ► For business news on the go, download ET app: https://etapp.onelink.me/tOvY/EconomicTimesApp Follow ET on: ► Facebook - https://www.facebook.com/EconomicTimes ► Twitter - https://www.twitter.com/economictimes ► LinkedIn

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