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IEA agrees release of 400 million barrels from strategic reserves

Refinery procurement teams must factor the 400m-barrel IEA release into sourcing

Al Jazeera ·
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IEA bound member countries to release 400 million barrels from their strategic oil reserves to market.
Why it matters
Refinery operations must manage disrupted jet-fuel and diesel supplies. Shipping operators must operate amid Strait of Hormuz transit threats.
Implications
  • Refinery procurement teams must secure jet-fuel and diesel supplies immediately or face production shortfalls.

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