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Autonomous intergovernmental organisation
The International Energy Agency (IEA) is a Paris-based autonomous intergovernmental organization, established in 1974, that provides policy recommendations, analysis and data on the global energy sector. The 32 member countries and 13 association countries of the IEA represent 75% of global energy demand.
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- - IEA says around 100M more barrels could come to market, with 325M barrels already released under March collective action - Anadolu Agency
Oil prices climbed Thursday, with Brent up 1.33% to $101.53 and WTI up 1.26% to $89.39, as the market weighed Gulf and Strait of Hormuz shipping disruptions. The IEA backed accelerating emergency stock releases under the March 2026 Collective Action, prioritizing diesel, with 325 million barrels already released and…
The IEA is meeting to work out how the G7's pledged 100 million barrels of oil and diesel stocks will be released, with Brent still above $100.