INTERNATIONAL ENERGY AGENCY (IEA): OVER THE NEXT SIX MONTHS, AROUND 240 MILLION BARRELS OF EMERGENCY OIL STOCKS WILL BE MADE AVAILABLE TO THE GLOBAL MARKET.
#OOTT #IEA
#OOTT #IEA
IEA: EMERGENCY OIL STOCKS IN IEA MEMBER COUNTRIES ARE EITHER IN THE FORM OF PUBLIC STOCKS (GOVERNMENT-OWNED OR BY SPECIALISED AGENCIES) OR STOCKS HELD BY INDUSTRY UNDER AN OBLIGATION OF THE GOVERNMENT.
#OOTT #IEA
#OOTT #IEA
IN THE CASE OF PUBLIC STOCKS, THESE CAN BE RELEASED VIA TENDERS OR LOANS TO THE MARKET, WHICH WILL BE LAUNCHED AND RELEASED OVER THE COMING WEEKS AND MONTHS, DEPENDING ON THE SPECIFIC STOCKHOLDING SYSTEM AND MARKET NEEDS IN EACH COUNTRY.
#OOTT #IEA
#OOTT #IEA
IEA: IN THE CASE OF OBLIGATED INDUSTRY STOCKS, OBLIGATIONS WILL BE LOWERED, VIA LEGISLATIVE DECREES OR ADMINISTRATIVE MANDATES, TO MAKE THE VOLUMES AVAILABLE FOR CONSUMPTION.
#OOTT #IEA
#OOTT #IEA
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