oil reserves


Friday, October 16, 2026
Laden crude oil tanker approaches the port of Qingdao, China in the morning fog. Photo credit: Shutterstock/Igor Grochev
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IEA Moves to Accelerate Oil Reserve Releases as Hormuz Crisis Drags On

The International Energy Agency (IEA) has agreed to accelerate the release of approximately 100 million barrels of emergency oil stocks, including more than 20

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