Business · Energy & Commodities · 21 mins ago
IEA urges members to release diesel stocks faster
The International Energy Agency has urged its members to release promised diesel stocks faster and consider additional releases.
The call comes as global fuel supplies tighten.
IEA chief Fatih Birol said countries that have not completed their commitments should act as soon as possible and prioritize diesel.
Countries that have completed them should assess whether more diesel is needed, and decide how much and when to release it.
Attacks on oil and energy infrastructure in Saudi Arabia have risen again, adding to concern about energy security and economic stability.
In March, the IEA’s 32 member countries agreed to release 400 million barrels from emergency oil reserves after the Iran war, the largest release in the agency’s history.
G7 countries have also agreed this month to release up to 100 million barrels of crude oil and diesel, but EU countries say this will carry out March’s commitments rather than add new amounts.
The IEA’s governing board is due to meet on October 15.
The International Energy Agency urged member countries to release promised diesel stocks faster and consider additional releases.
IEA chief Fatih Birol said countries that have not completed their commitments should act as soon as possible and prioritize diesel supplies.
He also asked countries that have fulfilled their commitments to assess whether more diesel should be released, and in what amounts and when.
The appeal came as supply tightness increased and attacks on oil and energy infrastructure in Saudi Arabia again intensified.
The G7 agreed this month to release up to 100 million barrels of crude oil and diesel from emergency stocks.
- Who
- The International Energy Agency, led by Fatih Birol, addressed its member countries.
- What
- The IEA urged members to speed up promised diesel stock releases and consider additional releases.
- When
- The call was made ahead of the IEA board meeting on October 15, 2026.
- Where
- The appeal concerned global markets. Not stated
- Why
- Global supply tightness was increasing, and attacks on Saudi Arabia’s oil and energy infrastructure had intensified.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
The IEA’s 32 member countries agreed to release 400 million barrels from emergency oil reserves following the Iran war.
G7 countries agreed to release up to 100 million barrels of crude oil and diesel from emergency stocks.
Fatih Birol urged IEA members to accelerate diesel releases and consider additional supplies.
- IEA membership
- 32 countries
- March emergency release decision
- 400 million barrels
- G7 agreement this month
- Up to 100 million barrels of crude oil and diesel
- IEA board meeting
- October 15, 2026
- IEA chief
- Fatih Birol
Sources
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