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The International Energy Agency is a global organization that monitors energy markets and provides policy guidance to address supply disruptions. It frequently coordinates the release of strategic oil reserves to stabilize prices and mitigate the impact of global energy crises. Through these interventions and regular reporting, the agency serves as a primary authority on market stability and international energy security.
“Together, they have capacity to move 3 to 6 million barrels of oil a day on top of what they're already doing, according to the International Energy Agency.”
“International Energy Agency has done this stage this unprecedented intervention pumping an extra 400 million barrels of oil out into the market”
“Oil prices are surging because of the war and that means more revenue for Russia. Prices are climbing fast with oil jumping to around $100 a barrel.”