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IEA STRATEGIC STOCKPILES
Hormuz oil shock echoes 1973 embargo lessonsThe recent Strait of Hormuz closure, though brief, signals a potential turning point for global energy. Echoing the 1973 oil embargo, this ...- Iran war triggers global race to build oil reservesVulnerable nations, stung by the Iran war's economic fallout, are boosting oil and gas storage to weather future crises. This global push f...
- Ten reasons oil is still below $100 a barrelGlobal oil prices remain surprisingly low despite the ongoing war in Iran. China's drastic cut in oil imports is a major factor. Demand des...
- Iran war rapidly wiping out the world’s oil stockpile cushionGlobal oil stockpiles are shrinking at a record pace this month, with visible crude and fuel inventories falling by 8.7 million barrels dai...
- How the Iran war oil and gas supply shock compares with past disruptionsA major oil supply disruption is underway due to the US-Israeli war with Iran and the closure of the Strait of Hormuz. This event is the wo...
- War in Iran is causing biggest energy crisis in history, IEA saysThe head of the International Energy Agency declared the conflict between Iran, the United States, and Israel is causing the world's worst ...
- Taking a stock: Amid oil volatility, India and others keep reserves steadyIndia vs Global Petroleum Oil Reserve Strategy: India is expanding its oil reserves amid global supply concerns. Prime Minister Modi highli...
- International Energy Agency discussing further oil stock releases, chief Birol saysThe International Energy Agency is discussing releasing more oil from stockpiles. This action is being considered due to the ongoing Iran w...
- Japan says beginning release of strategic oil reserves as Middle East war hikes pricesJapan has started releasing its strategic oil reserves. This move follows an International Energy Agency agreement to tap stockpiles. The r...
- World faces largest-ever oil supply disruption on Middle East war, IEA saysThe ongoing turmoil in the Middle East has triggered an unprecedented crisis in oil supply, with projections indicating a staggering drop o...
- Oil shock from Iran war prompts countries to open strategic reservesA major war in Iran has disrupted oil tankers and refineries. This has led to soaring energy prices. The International Energy Agency will r...
- IEA announces record release of strategic stocks in response to Iran war oil price surgeThe International Energy Agency has announced its largest-ever oil release of 400 million barrels to combat soaring crude prices, driven by...
- G7 ready to act on oil surge but holds off tapping reservesGlobal oil prices have surged past $119 a barrel due to the U.S.-Israel war on Iran. G7 nations are ready to take action to stabilize the m...
- Global oil reserves revealed: Which countries hold emergency stockpiles and how much oil they keep for crisesOil reserves by country: The International Energy Agency (IEA) urged G7 nations to coordinate a release of emergency oil reserves to stabil...
- India begins talks with IEA for full membershipIndia's bid to join the 31-nation International Energy Agency as a full member has commenced discussions with ministers from member countri...
- IEA to hold emergency meeting to tackle soaring oil pricesWestern sanctions on Russia after their invasion of Ukraine are expected to see a loss of about 3 million barrels per day (bpd) of Russian ...
- IEA will deploy emergency oil stocks to ease soaring pricesThe IEA said it will continue to monitor energy markets and could recommend additional stockpile releases if need.
- Oil lower in Asia as rich nations consider tapping reservesOil prices fell in Asian trade today following US and European indications of support for releasing strategic oil reserves, analysts said.
- Oil could hit $150 per barrel near term: IEAThe IEA, adviser on energy policy to major oil-consuming countries, said world oil demand would rise steadily over the next two decades.
- IEA ready to tap reserves after alert on ‘oil crisis’The world faces an “oil crisis” and the International Energy Agency (IEA) stands ready to release emergency stockpiles even as the biggest ...
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