IEA members to release oil in a bid to stabilise gas/oil market
Ireland has joined the bid to release oil reserves in order to stabilise global oil supplies. It’s understood that the Department of Environment, Climate and Communications (DECC) will provide detailed arrangements in due course. Ireland currently holds 90 days’ demand of stocks of oil, in line with its international commitments, and intends to participate in the action. The DECC has reassured consumers of the decision by saying that natural gas…