IEA speeds up oil stock release to curb global fuel prices following US pressure

Published October 15, 2026 12:26pm ET | Updated October 15, 2026 12:26pm ET



The International Energy Agency said it will release more than 400 ⁠million barrels of oil initially agreed ​upon in March as part of an effort to curb global fuel prices.

The Paris-based IEA said Thursday in a statement that it will complete the release of the remaining 100 million barrels of oil it approved in March. It noted that the total would exceed 400 million barrels because some members released more than they had initially agreed to. The IEA said it has so far released about 330 million barrels.

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