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US releases additional oil stockpiles under IEA emergency agreement
Department of Energy transfers 53.3 million barrels as global prices surge.
The U.S. Department of Energy has moved to release an additional 53.3 million barrels from strategic petroleum reserves under International Energy Agency coordination, responding to rising global oil prices.
The move represents coordinated action among IEA member states to stabilize energy markets amid supply pressures. The release aims to moderate price volatility affecting economies worldwide.
The action underscores ongoing efforts by major consuming nations to manage commodity markets and ensure stable energy supplies during periods of geopolitical uncertainty.
Sources — how we know this
- PrimaryAl Jazeera English
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