IEA called for joint release of emergency oil stocks at G7 online meeting

IEA called for joint release of emergency oil stocks at G7 online meeting The International Energy Agency (IAE) called for a coordinated release of emergency oil reserves during online meeting with the finance ministers from the Group of Seven states, Japanese Finance Minister Satsuki Katayama told a briefing. "IEA called for each country to do coordinated release of oil reserves," Katayama said, as the ministers gathered online to discuss the impact of war in Iran on the markets which saw oil prices surging to more than $119 a barrel on Monday.