Hot Review: Market Confusion Intensifies, IEA to Finalize Diesel Reserve Release Details Next Week
智通财经2026/10/07 00:06(1) The G7 agreed last week to release 100 million barrels of reserves, and the IEA Council is expected to discuss details of the reserve release on October 14-15. (2) The EU's Oil Coordination Group will meet on Wednesday to determine the EU's position. According to sources, Western energy watchdog agencies will meet next week to finalize details regarding the release of diesel reserves. The market is becoming increasingly confused, as it remains unclear how much inventory Europe and the US plan to release to alleviate supply shortages and record-high prices. (3) A source said that G7 member Italy will participate in this reserve release. A spokesperson for the European Commission stated on Tuesday that the EU Oil Coordination Group will meet on Wednesday. The White House did not immediately respond to a request for clarification on the details of this reserve release.
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IEA member countries still hold about 1.1 billion barrels of reserves, including over 200 million barrels of diesel.
IEA member countries still hold around 1.1 billion barrels of reserves, including more than 200 million barrels of diesel.
Member countries of the International Energy Agency support accelerating the oil stock release process.
The statement shows that member countries of the International Energy Agency (IEA) expressed support for accelerating the release of oil reserves announced in collective actions in March, aiming to complete the process as soon as possible.
The International Energy Agency says that a full release of committed inventories will provide the market with about 100 million barrels of oil.
International Energy Agency (IEA): Fully releasing all the inventories committed in March but not yet released will provide the market with approximately 100 million barrels of oil.
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