IEA members have released 325 million barrels from strategic oil reserves

International Energy Agency (IEA) member countries have so far released 325 million barrels of crude oil and petroleum products from their strategic reserves to the market, the IEA said.

In March, member countries pledged to release 400 million barrels from strategic reserves. Of that commitment, 325 million barrels have been released so far.

Amid the energy crisis, member countries have been sending crude oil and petroleum products held in strategic reserves to the market. About 75 million barrels of the committed volume remain to be released.