
IEA members agree to release 20M barrels of diesel reserves
The International Energy Agency (IEA) announced Oct. 15 it would seek to stabilize diesel prices with release of 20 million barrels from the emergency reserve stocks of member countries. The amount was lower than U.S. President Trump and the market had anticipated, but the continuing releases of reserve stocks have left emergency fuel reserves perilously low, according to some reports. The Governing Board of the 32-country IEA agreed on Oct. 15 to accelerate the release of 400 million barrels of
