What did IEA Chief Fatih Birol say about a second strategic oil reserve release?

IEA Chief Fatih Birol stated that the International Energy Agency is not discussing a second release of strategic oil reserves at this time, saying 'Not for the time being' when asked during an energy conference in Norway.

What did Birol say about Europe's gas reserves and related risks?

Birol expressed concern that Europe's current gas reserves stand at around 62%, which is below historical averages and short of the EU's 80% target by December 1; he noted ongoing efforts to secure gas from the Middle East while phasing out Russian imports, and warned that 'If we have a harsh winter in Europe, we may have some challenges.'

IEA Chief Birol Rules Out Second Strategic Oil Reserve Release

Aug 24, 2026

IEA Chief Fatih Birol stated no second strategic oil reserve release is planned, citing 80% remaining stocks. He also warned of European gas reserve challenges, currently at 62% versus an 80% winter target.

reuters

2026-04-22

IEA Declares World Facing Most Severe Energy Crisis Ever

2026-04-30

IEA Head Birol Reaffirms World Facing Biggest Energy Crisis in History

2026-05-07

Energy Markets Headed Into 'Troubled Waters' Amid Iran War, Head of IEA Says

2026-05-07

IEA Head Calls on Canada to Accelerate Energy Development Amid Supply Shock

2026-05-11

US Releases Another Wave of Emergency Oil as Gas Prices Rise