IEA Accelerates Emergency Reserves Release With Over 20 Million Barrels of Diesel

The International Energy Agency agreed to accelerate emergency oil stock releases, pledging to deliver about 100 million remaining barrels, including over 20 million barrels of diesel as soon as possible. Total releases are now projected to exceed the 400 million barrels pledged in March 2026, of which roughly 330 million barrels have been delivered so far. Oil prices retreated following the decision, with Brent falling 0.4% to $105.52 and WTI dropping 0.6% to $97.41 per barrel. However, European gas oil edged higher after the 20 million-barrel diesel volume missed the 50 million barrels previously discussed.