March 1, 2022
On March 1, the IEA held an Extraordinary Ministerial Meeting to discuss the impact of Russia's invasion of Ukraine on global energy markets and how IEA Member Countries can continue to play a stabilizing role.
At the meeting, the IEA Member Countries agreed to a coordinated release of a total of 60 million barrels of oil in order to stabilize the energy market considering the impact of Russia's invasion of Ukraine on oil supply.
Divisions in Charge
International Affairs Division, Commissioner's Secretariat, Agency for Natural Resources and Energy
Petroleum Refining and Reserve Division, Natural Resources and Fuel Department, Agency for Natural Resources and Energy