MNI: US NOV FINAL MANUF PMI 49.7 (FLASH 48.8); OCT 48.5

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

MNI: UK NOV FINAL MANUF PMI 48.0 (FLASH 48.6); OCT 49.9

MNI NBP WATCH: Another Policy Hold, Dovish Communications Tilt

MNI: PBOC Net Drains CNY216 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1865 Mon; -1.50% Y/Y

EZ/UK T-Bill Calendar: Spain, Belgium, ESM Auction on Tuesday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

MNI: US OCT CONSTRUCT SPENDING +0.4%

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

IEA Reportedly Set To Announce 120m Barrel Oil Release

ENERGY SECURITY

Quantum Commodity Intelligence, citing a source close to discussions, has reported that the International Energy Agency is set to announce that member states will coordinate the release of 120m barrels of oil from strategic oil reserves.

  • The announcement is expected to come at 12:30 ET/17:30 BST but there is no official press conference scheduled yet.
  • The announcement will come in the wake of the US decision to release 180m/b staggered over 180 days from the US strategic petroleum reserve.
  • An IEA statement released following Friday's meeting reads: 'The details of the new emergency stock release will be made public early next week. The agreement follows the previous action taken by IEA Member Countries, announced last month, to which they pledged a total of 62.7 million barrels.'


USPolitical Market NewsPolitical RiskCommoditiesPolitical Risk BulletEnergy BulletsPower Bullets
USPolitical Market NewsPolitical RiskCommoditiesPolitical Risk BulletEnergy BulletsPower Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.