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IEA Releases 400 Million Barrels from Reserves to Ease Energy Prices

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Drilling platforms Elly (L), Ellen (C) and Eureka (R) are seen off the southern California coast on October 6, 2021. - The US Coast Guard is investigating a possible anchor strike as the cause of a broken pipeline that has spewed tens of thousands of gallons of crude oil into the sea off California, media reported on October 5. The International Energy Agency announced Wednesday that it will release 400 million barrels of oil from emergency reserves to help stabilize global energy markets disrupted by the ongoing Iran War.

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