IEA emergency oil to be released to markets in Asia, Ocenia first; America, Europe to get stock by March end

Paris [France], March 16 (ANI): The International Energy Agency (IEA) has said that 400 million barrels of oil from its emergency reserves will soon start flowing to markets in Asia and Oceania in response to the disruptions resulting from the war in West Asia. In a statement released by the IEA on March 15, the agency said that IEA member countries will make 400 million barrels of oil available to the market.