The IEA Approved the Release of 60 Million Barrels of Oil Reserves

SHANGHAI, Mar 25 (SMM) - The International Energy Agency (IEA) held a ministerial meeting to formally approve the release of 60 million barrels of oil reserves. South Korea will release 4.42 million barrels of oil reserves in accordance with the original agreement. Brazil and Canada decided to increase their oil production to 300,000 barrels per day by the end of this year, contributing to stabilising energy markets.