Ready to release more oil if necessary: IEA Chief Birol

IEA Chief Fatih Birol has signalled readiness for further oil releases as the West Asia conflict continues to disrupt global energy markets. Speaking after meeting Japanese Prime Minister Sanae Takaichi, Birol said 400 million barrels have already been released — just 20% of total emergency reserves — and more can be deployed “if and when necessary.” He, however, expressed hope that additional intervention would not be required. With the Strait of Hormuz shut and dozens of ships stranded, concerns over global energy security continue to mount.

Thank you for watching our video!

You can subscribe to our channel here: https://bit.ly/3c8Adi6

Visit https://www.thehindu.com/ for the latest updates, analysis, opinions, and more.

You can also download our apps:
Android: https://bit.ly/3nboBEi
iOs: https://apple.co/3EDCwt4

The Hindu is committed to keeping you up-to-date with information on the developments in India and the world. We promise to deliver quality journalism that stays away from vested interest and political propaganda. You can support us by subscribing to our digital offerings here: https://bit.ly/3emywiz

Follow us:
Twitter: https://twitter.com/the_hindu
Instagram: https://www.instagram.com/the_hindu/

Видео Ready to release more oil if necessary: IEA Chief Birol канала The Hindu