IEA says total oil stock release will exceed 400 million barrels

The International Energy Agency ​said that ‌the total amount of stocks to ​be released will ​exceed the original 400 ⁠million barrels agreed ​upon in March, ​and its members have committed to speed up the ​release of ​the remaining volumes.

IEA have agreed ‌to ⁠take all necessary steps to complete the remaining releases ​of around ​100 ⁠million barrels, including over 20 ​million barrels ​of ⁠diesel, on time consistent ⁠with ​national circumstances, ​the agency added.