US DOE, IEA member countries releasing a total of 60 million barrels of oil from reserves
Green Car Congress
JUNE 23, 2011
The IEA estimates that the unrest in Libya had removed 132 million barrels of light, sweet crude oil from the market by the end of May. IEA net oil-importing countries have a legal obligation to hold emergency oil reserves equivalent to at least 90 days of net oil imports. Total oil stocks in IEA member countries amount to more than 4.1
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