IEA to Accelerate Remaining Oil Stock Releases

The International Energy Agency said Thursday that its members will accelerate the remaining releases from a March emergency stockpile commitment, including more than 20 million barrels of diesel to be made available as soon as possible. The announcement concerns the balance of a collective pledge made in March 2026, when IEA members committed to release more than 400 million barrels of crude oil and petroleum products in response to the Strait of Hormuz crisis. The agency said about 330 million barrels had been released so far and described the remaining volume as around 100 million barrels. The IEA did not give a specific delivery date for the diesel or identify where it would be sent. Its governing board said members had agreed to accelerate the remaining releases, with plans already in place. The agency also said some countries had released more than their initial pledges and that the overall total could exceed the original commitment. Spain separately said it would release 4.4 million barrels from its strategic reserves during October. The government announcement, as reported, did not specify which petroleum products would be included. Spain had previously pledged 11.5...