IEA members move to accelerate remaining oil stock releases, prioritising diesel

The International Energy Agency said member governments agreed Wednesday to accelerate remaining oil stock releases, prioritizing diesel amid tight fuel markets.

• IEA member governments expressed support for accelerating the pace of oil stock releases pledged under the March 2026 collective action.
• About 100 million barrels of pledged stocks have not yet reached the market, while roughly 325 million barrels have already been released.
• IEA Executive Director Fatih Birol said members endorsed prioritizing diesel draws amid acute pressure on fuel markets.
• Member governments hold some 1.1 billion barrels of emergency oil stocks, including more than 200 million barrels of diesel.