325 million barrels of oil released so far, more release seen price drop, says IEA | TheStarTV.com

325 million barrels of oil released so far, more release seen price drop, says IEA

Published on 4 Oct 2026 4:55:31 PM

Around 325 million barrels of oil have been released from strategic reserves since its collective action announcement with the G7 nations in March, said the International Energy Agency (IEA) on Oct 3.

The G7 said they will release up to another 100 million barrels of diesel and other oil reserves over the next four months, amid the escalating conflicts in the Middle East.

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news, thestartv, the star, iea, energy, usa, america, iran, g7 meeting, france, italy, oil reserves, stabilisation of prices, middle east, yemen, saudi arabia, decline, protests

Around 325 million barrels of oil have been released from strategic reserves since its collective action announcement with the G7 nations in March, said the International Energy Agency (IEA) on Oct 3.

The G7 said they will release up to another 100 million barrels of diesel and other oil reserves over the next four months, amid the escalating conflicts in the Middle East.

WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline

Keywords:
news, thestartv, the star, iea, energy, usa, america, iran, g7 meeting, france, italy, oil reserves, stabilisation of prices, middle east, yemen, saudi arabia, decline, protests

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