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via economictimes.indiatimes.comEconomy

Oil releases from IEA emergency stocks to pick up through February

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

Included in the release will be around 15 million barrels of diesel which are scheduled to be released by end-February, almost entirely from government stocks in France and Germany, at a pace of 4 million to 5 million barrels in January before easing in February, the IEA said in…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishMore crude and diesel supply from strategic reserves may weigh on oil prices.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The release includes around 15 million barrels of diesel by end-February.
  2. 02The diesel comes almost entirely from government stocks in France and Germany.
  3. 03The pace is 4 to 5 million barrels in January, easing in February.

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