Western nations agree to new release of emergency oil
CNN
The International Energy Agency announced Friday following an emergency meeting that its member countries will release additional oil from emergency reserves to cushion the blow caused by Russia's invasion of Ukraine.
However, the IEA did not disclose key details on the size and timing of this additional emergency action, which would be in addition to the historic released announced by the White House on Thursday.
The IEA said details will be made public early next week. The latest steps from the IEA mark just the fifth time in the agency's history that it has coordinated a release of emergency stockpiles.
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