Turin, 19 March (LaPresse) – ‘Following the agreement announced on 11 March to make 400 million barrels of oil available on the market by member countries of the IEA (International Energy Agency), the first volumes of oil from emergency reserves have already begun to be released onto the market.’ This is stated in a press release. ‘The IEA Executive Board met yesterday to review the situation in the energy markets and the implementation of collective action. The overall release of emergency stocks will consist largely of crude oil, whilst in Europe the contributions will mainly take the form of refined petroleum products. This is complemented by an increase in production by countries in the Americas.’ ‘The detailed breakdown between crude oil and refined products, as well as the volumes coming from public stocks or from the reduction of obligations imposed on the industry, remains subject to change as countries finalise the details of their national contributions,’ the statement emphasises. For Italy, as highlighted in the agency’s press release, the quota amounts to 10 million barrels.
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