IEA could consider more oil reserve releases as Europe faces tough winter

AI Summary

The International Energy Agency may consider releasing additional emergency oil stocks if supply disruptions worsen, though another release is not currently its priority. Europe faces a challenging winter after spending more than €100 billion in additional energy imports since the Iran war began.

The IEA says it could consider releasing more emergency oil stocks if supply disruptions worsen, although another release is not currently its top priority. Europe faces a difficult winter after spending more than €100bn extra on energy imports since the Iran war began. The IEA has hinted that releasing further strategic oil reserves could be ...