Oil prices have already reacted, but experts expect a new increase in the cost of the resource.
The International Energy Agency (IEA) intends to release and supply 120 million barrels of oil over the next six months. This is the largest release of IEA reserves in all 47 years of the organization's existence. This was reported by Interfact.
For comparison: the average daily oil production in Russia is about 10 million barrels.
Recall that the IEA includes the United States, most European countries, Australia, Japan. About 60 million barrels will be supplied by the United States, the remaining half by all other states. supply of Russian oil.
By the way, this news he IEA reduced the price of Brent oil by more than 5% to $ 101.07 per barrel, but part of the decline soon paid off.
Read also: Denmark has refused to buy oil from Russia – Ermak
Earlier it was reported that the EU and the G7 have actually begun to impose the most deadly sanctions on Russia's economy – oil and gas embargo.
