March 12, New Delhi – The International Energy Agency’s decision to release 400 million barrels of oil from global reserves has already had a significant impact on energy markets, which remain in a critical state following the closure of the Strait of Hormuz, said Executive Director Fatih Birol...
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March 10, New Delhi – The head of the International Energy Agency (IEA), Fatih Birol, also participated in the meeting of G7 Finance Ministers concerning the global economic situation and the conflict in West Asia.Speaking about the IEA's assessment of the global oil market conditions, the IEA...
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New Delhi, March 9 India will not join the International Energy Agency (IEA) initiative to release strategic oil reserves as part of an effort to cool oil prices, top government sources said.India, the world's third-largest oil-importing and consuming nation, has 5.33 million tonnes of...
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