The International Energy Agency calls for an emergency ministerial meeting tomorrow to discuss the oil market


A spokesman for Australias Energy Minister, Angus Taylor, said today, Thursday, that the International Energy Agency had called an emergency ministerial meeting tomorrow, Friday, to discuss the situation oil market.

“The International Energy Agency has called an emergency meeting on Friday evening, Australian time,” the spokesman added.

A spokeswoman for New Zealand Energy Minister Megan Woods also said that the agency’s member states will meet to decide on a collective drawdown of oil stocks.

She added, “The size of the possible mass withdrawal has not been decided. The meeting will determine a total amount, and this will be followed by allocating a quantity to each country.”

Yesterday, two senior US officials said that the administration of President Joe Biden is considering withdrawing one million barrels of oil per day from the Strategic Petroleum Reserve over several months to reduce gasoline prices.

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