In March, amid the escalation of the conflict in the Middle East
In March, amid the escalation of the conflict in the Middle East, OPEC member countries agreed to place nearly 412 million barrels on the market from their strategic reserves: approximately 296.5 million barrels of crude oil and 115 million barrels of petroleum products.
Coverage (3 sources)
- Novak stated that the release of oil reserves by OPEC countries does not cover its global deficit — Интерфакс
- OPEC countries will accelerate release of oil from reserves — Вести
- OPEC countries will accelerate work on releasing promised oil reserves — Интерфакс
Key entities
- MEA
- Moscow
- Board of Directors
- INTERFAX.RU
- Russia
- United States
- Alexander Novak
- International Energy Agency
- Interfax.RU - Oil