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The Director of the International Energy Agency called on the member countries of the organization to evaluate their needs to determine whether more strategic reserves of diesel should be released.
In an email to members published on Sunday, before the October 15 meeting at the agency's headquarters, Fatih Birol said that the current situation requires "immediate attention" and "cooperation among member countries may be the best way to contain it."
A statement summarizing the letter said that "all members, including those who have fulfilled the commitments for the barrels of oil released, are invited to assess the need for new releases of diesel barrels, and if they consider it necessary, to determine the quantities, deadlines, and nature."
As for the countries that have not yet fulfilled all the commitments made last March, "they should consider the possibility of accelerating the remaining work, prioritizing diesel."
In March, the 32 member countries of the International Energy Agency committed to putting 400 million barrels of oil on the market to contain supply disruptions caused by the war in the Middle East.
Last weekend, the number of barrels released reached 325 million out of 400 million.
Last October 7, the agency announced that its members were "ready to release more" strategic oil reserves, including diesel. It pointed out that member countries still have high levels of emergency oil stocks, equivalent to about 1.1 billion barrels, including more than 200 million barrels of diesel.
At the beginning of October, the G7 announced a "coordinated release with the International Energy Agency of 100 million barrels starting immediately" in an effort to contain rising fuel prices.
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