IEA to release 120 million oil barrels over next six month period

(Reuters) -The International Energy Agency (IEA) on Thursday confirmed member country contributions to the second collective action to release oil stocks in response to Russia's invasion of Ukraine.

The commitments submitted by members reached 120 million barrels to be released over a six month period, the IEA added.

The U.S. will release 60 million barrels of oil from storage and Japan will release 15 million barrels.

Other major contributors include South Korea, Germany, France, Italy and the United Kingdom.

Country Thousand barrels

 

 

United States 60559

Japan 15000

South Korea 7230

Germany 6480

France 6047

Italy 5000

United Kingdom 4408

 

4000

Spain

 

3060

Turkey

 

2298

Poland

 

1608

Australia

 

1600

Netherlands

 

624

Greece

 

531

Hungary

 

New 483

Zealand

 

451

Ireland

 

369

Finland

 

180

Lithuania

 

74

Estonia

 

(Reporting by Kavya Guduru, Seher Dareen and Ashitha Shivaprasad in Bengaluru; Editing by Chris Reese)