[WATCH LIVE] Video statement by IEA Executive Director on IEA oil stock release at 14:00 GMT (10:00 EDT)
Analysis details (13:45)
- On March 11, 2026, the IEA announced its largest-ever emergency oil stock release, with 32 member countries releasing ~400mln barrels to combat severe market disruptions from Middle East conflict.
- The IEA said the coordinated emergency stockpile release totals just under 412mln bbls; Asian member countries will make oil available immediately, while supplies from the Americas and Europe will become available from the end of March (Asia accounts for 26% of the release). The DoE reiterated that the planned 172mln bbl SPR release will be structured as an exchange. It said the 172mln bbl release will be structured as an exchange rather than an outright sale; buyers must return barrels to the SPR later with interest or a premium, adding complexity for recipients.
16 Mar 2026 - 13:45- EnergyImportant- Source: IEA
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