IEA Urges OPEC To Release More Oil Into Market

Richard Ginika Izuora

The International Energy Agency (IEA) on Monday urged oil-producing countries to pump more to stabilize markets affected by the war in Ukraine.

After an initial release of 62 million barrels, the IEA would make further releases if “conditions stay or worsen”, Birol told an energy conference in Rabat.

“Every responsible oil producer needs to put more oil in the market,” head of the agency chief Fatih Birol, said via video conference.

Add Comment