The West’s energy watchdog will meet next week to work out the details of a diesel stock release as market confusion grows over how many barrels Europe and the US plan to make available to address shortages and record-high prices, sources say according to Reuters.
The governing board of the International Energy Agency (IEA), which advises industrialised countries and manages their strategic oil reserves, is expected to decide the details of the stocks release at an Oct 14-15 board meeting, two people close to the matter say.
The IEA did not immediately respond to a request for comment on what was expected to be decided at the board meeting.
