Nations agree to release 60 million barrels of oil amid Russia-Ukraine war
India Today
IEA member countries have agreed to release 60 million barrels of oil from their strategic reserves amid the Russia-Ukraine war.
The International Energy Agency said on Tuesday that all 31 member countries have agreed to release 60 million barrels of oil from their strategic reserves “to send a strong message to oil markets” that there will be “no shortfall in supplies” as a result of Russia's invasion of Ukraine.
The IEA board made the decision at an extraordinary board meeting of energy ministers chaired by US Energy Secretary Jennifer Granholm.
Besides the United States, other members of the organisation include the United States, Germany, France, the United Kingdom, Japan and Canada.
ALSO READ: Oil prices surge above $100 a barrel as war on Ukraine rages
IEA members hold emergency stockpiles of 1.5 billion barrels. The release amounts to 4 per cent of stockpiles or roughly 2 million barrels per day for 30 days.
It's only the fourth time in history that the IEA has done a coordinated drawdown since the reserves were established in the wake of the Arab oil embargo in 1974.
ALSO READ: Russian nuclear threat: NATO sees no need to change alert level
Tarique Rahman's 1st India move: Restores visa services in Delhi
Meet Pujarini Pradhan - a small-town woman from rural Bengal whose quiet, English-spoken glimpses of everyday village life have turned simplicity into a following of over half a million on Instagram.
The now-viral video showed both the Thar and tempo halted side by side on a tight mountain stretch, with the drivers apparently arguing over who should move first.
Women are treated in the new penal code as being on the same level as "slaves", with provisions allowing either "slave masters" or husbands to administer discretionary punishment, including beatings, to their wives or subordinates. This aspect of the code has drawn particular alarm from rights groups.
'I fought for Pakistan, and today the Pakistani Army does not acknowledge me,' one of the alleged soldiers in Baloch rebel custody can be heard saying in the video.
Trump to direct agencies to release files on UFOs, alien, extraterrestrial life after 'tremendous interest'
Former US President Barack Obama said in a recent interview that aliens are real. Donald Trump claimed he took it out from classified information.
At Trump's Board of Peace summit in Washington, Pakistan PM Shehbaz Sharif praised him as a man of peace and saviour of South Asia, reviving disputed ceasefire claims involving India.
Thames Valley Police are searching properties in Berkshire and Norfolk linked to the former prince after his arrest -- including Royal Lodge in Berkshire, where he lived for more than two decades, and Sandringham in Norfolk, where he now lives on the King's estate.
The collision occurred shortly before noon at US 36 and County Road 525 East in Hendricks County, between Avon and Danville. According to the report, a Freightliner tractor-trailer travelling eastbound failed to stop at a red signal and struck a northbound Chevrolet pickup.
A 94-year-old man's approach to health, shared online by his granddaughter, has challenged ideas about fitness and wellbeing, highlighting discipline and tradition over modern wellness trends.
Andrew Windsor Mountbatten, who was stripped of his prince title over his links with convicted paedophile Jeffrey Epstein, was arrested in the UK on Thursday. Andrew is the grand-nephew of Lord Mountbatten, the last British viceroy in India. Lord Mountbatten was accused of being involved in a child sex ring, involving an orphanage in Belfast. Here's what we know about the Kincora Boys' Home scandal.