How much oil have IEA member countries released from strategic reserves since March 11, and how much emergency oil stock do they still hold collectively?

According to the IEA, about 290 million barrels of oil have been released by member countries since the release was announced on March 11, and they collectively hold more than 1 billion barrels of emergency oil stocks in reserve.

What prompted the IEA’s record coordinated release of strategic oil reserves?

The IEA agreed to release a record 400 million barrels of oil from strategic stockpiles after a surge in global crude prices triggered by the U.S.-Israeli war with Iran.

IEA says substantial emergency oil stocks remain after record release

Jul 21, 2026

The IEA reported over 1 billion barrels of emergency oil stocks remain after a record 290-million-barrel release amid Middle East tensions. China's crude imports also dropped 41.3% in June to their lowest level in nearly a decade.

reuters

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