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6 days ago

'Unprecedented' agreement releases emergency oil reserves as gas prices spark concerns

After deliberating and assessing the global oil market situation in the face of Middle Eastern conflicts stemming from the United States' attack on Iran, a cohort of 32 different developed nations agreed to make an "unprecedented" move to help address "oil market challenges." The International Energy Agency (IEA) held an emergency meeting at its Paris headquarters Tuesday, with energy representatives from the cohort of G7 countries, to "assess market conditions," which IEA Executive Director Fatih Birol says "have been significantly affected by the conflict in the Middle East." Following that...

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6 days ago
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