IEA to release 60 million barrels of oil amid Russia, Ukraine conflict

Oil slumps below $20 as IEA estimates global demand to drop by 9.3m bpd in 2020

The 31 Member Countries of the Governing Board of the International Energy Agency (IEA) has agreed to release 60 million barrels of oil from their emergency reserves, according to a release by the agency. This was done to send a unified and strong message to global oil markets that there will be

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