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MODEL PORTFOLIO THE GIST
NEWS AND FEATURES
Global Philippines Fine Living
INSIGHTS
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
WEBINARS
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
DOWNLOADS
investment-ss-3
Reports
Policy rate views: Fed expected to do baby steps
September 18, 2025 DOWNLOAD
economy-ss-9
Economic Updates
Inflation Update: Faster but full-year average within target
September 5, 2025 DOWNLOAD
948 x 535 px AdobeStock_433552847
Reports
Monthly Economic Update: Waiting on Jay Powell
September 2, 2025 DOWNLOAD
View all Reports
Economy 1 MIN READ

IEA to release 120 mln barrels over six month period

April 8, 2022By Reuters
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Updates table

April 7 (Reuters) – The International Energy Agency (IEA) on Thursday confirmed member country contributions to the second collective action to release oil stocks in response to Russia’s invasion of Ukraine.

The commitments submitted by members reached 120 million barrels to be released over a six month period, the IEA added.

The U.S. will release 60 million barrels of oil from storage and Japan will release 15 million barrels.

Other major contributors include South Korea, Germany, France, Italy and the United Kingdom.

 

Country Thousand barrels

 

 

United States 60559
Japan 15000
South Korea 7230
Germany 6480
France 6047
Italy 5000
United Kingdom 4408
Spain 4000
Turkey 3060
Poland 2298
Australia 1608
Netherlands 1600
Greece 624
Hungary 531
New Zealand 483
Ireland 451
Finland 369
Lithuania 180
Estonia 74

 

(Reporting by Kavya Guduru, Seher Dareen and Ashitha Shivaprasad in Bengaluru; Editing by Chris Reese)

((Ashitha.Shivaprasad@thomsonreuters.com;))

This article originally appeared on reuters.com

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