IEA Proposes Massive Release of Emergency Oil Stockpiles

The International Energy Agency is proposing a release of emergency oil reserves that would be the largest in its history, with a decision possible later on Wednesday, according to a...

By Nayla Razzouk, Alberto Nardelli, Grant Smith · Bloomberg Markets

The International Energy Agency is proposing a release of emergency oil reserves that would be the largest in its history, with a decision possible later on Wednesday, according to a person familiar with the matter.