The International Energy Agency’s (IEA) member countries will release around 71 million barrels of emergency oil and product stocks through the end of February 2027, roughly doubling the pace of the releases in September and October, Reuters reports citing the agency.

Included in the release will be around 15 million barrels of diesel, which are scheduled to be released by the end of 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 says in a monthly report.

The move by the IEA, which manages industrialised countries’ strategic oil inventories for use in severe oil shocks, is part of a record stocks release first announced in March after the Iran war cut supplies from the Middle East, sending prices soaring.