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IEA Discusses G7's 100 Million-Barrel Oil and Diesel Release
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The International Energy Agency (IEA) is holding an informal meeting on Wednesday to discuss the planned release of 100 million barrels of oil and diesel stocks to ease the fuel supply crunch, two EU diplomats told Reuters today. The IEA’s Governing Board, the highest decision-making body of the international agency, is holding the meeting after representatives of EU nations already discussed specifics of the planned oil stocks release earlier on Wednesday, according to Reuters’ sources. Details on the 100-million-barrel release are…
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