IEA calls on member countries for additional stockpiles due to global diesel supply crunch

The International Energy Agency has called on member countries to release their existing diesel stocks more quickly to the market and evaluate additional release possibilities due to increasing supply tightness in global markets.

Call for Rapid Release of Stocks

Following the increase in supply tightness in global markets, the International Energy Agency called on member countries to more quickly release the diesel stocks they have committed.

Evaluation Call from Fatih Birol

In his statement ahead of the board meeting, IEA President Fatih Birol asked countries that have not yet completed their commitments to take action as soon as possible.

Birol stated that countries that have fulfilled their obligations should evaluate the need, quantity, and timing of an additional diesel release.

Infrastructure Attacks and Energy Security

Drawing attention to the renewed increase in attacks on oil and energy infrastructure in Saudi Arabia, Birol emphasized the importance of cooperation among member countries.

International Steps and Reserve Decisions

G7 countries agreed this month on the release of up to 100 million barrels of crude oil and diesel from emergency stocks, while the IEA had decided in March to release 400 million barrels of reserves.