After a unanimous decision on March 1, the member countries of the International Energy Agency (IEA) released 62.7 million barrels of oil available in emergency reserves, the Paris-based entity said in a statement released on Wednesday (9). ).
More than two thirds of this volume comes from public stocks, while the rest comes from agreements with the industry.
To date, the United States has contributed the largest share (30 million barrels), followed by Japan (7.5 million) and South Korea (4.42 million). Brazil is not a member country of the IEA.
According to the agency Reutersthe agency’s executive director, Fatih Birol, said the stockpiles released represent only an “initial response” and that governments can release more if needed.
According to him, the IEA will release an action plan to try to reduce the use of oil.
The measures are part of efforts by the international community to try to contain the rise in commodity prices, after Russia invades Ukraine.
Source: CNN Brasil
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