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BERLIN (AP) — The International Energy Agency agreed Wednesday to release the largest volume of emergency oil reserves in its history, in a bid to counter the effects on energy markets of the war in the Middle East.
The Paris-based organization said it will make 400 million barrels of oil available from its members’ emergency reserves. It’s a larger stock than the 182.7 million barrels that were released in 2022 by the IEA’s 32 member countries in response to Russia’s invasion of Ukraine.
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THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.
BERLIN (AP) — Germany and Austria said Wednesday they are releasing parts of their
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