We note the announcement by the US government of its release of additional oil into the market in parallel with other countries, including China, India, Japan, Korea and the United Kingdom. We recognise that the rise in oil prices is placing a burden on consumers and has added to inflationary pressures during a period when the economic recovery remains uneven and faces a range of risks. In this context, we respect the assessments and decisions made by individual IEA member and partner countries on how best to respond to the specific challenges and circumstances they each face.
/Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).View in full here.
