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IEA to release 120 mln barrels over six month period

April 8, 2022By Reuters

Updates table

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)


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