The IEA says, his recent won't again released oil reserve, but will be ready to market conditions when in need take further measures, and encourage members in the end of don't return to fill stock.
Integrated media on July 21, IEA21 reports said on June, after the release of emergency oil reserves, the agency recently won't again released oil reserves, but will be ready to market conditions when in need take further action.
The IEA above with market expectations, because the decision as a big country in the production of the Saudi oil, its June will oil production is expected to increase 7.8% to 9.7 million barrels per day, inventory level is beyond average expected.
The IEA in June 23 had announced that each member to the market to release 60 million barrels of oil emergency reserves, to fill the Erie and cut the supply of oil brings, and prevent a gap in oil prices amid the global economic recovery process damage.
The IEA points out, the release of the June 60 million barrels of oil reserves are still in flows into the market in succession. June release and OPEC oil inventories of oil output beyond the third quarter the market demand.
The IEA thinks that oil emergency inventory rebuild would not damage the oil market situation, but at the end of the member states are encouraged to fill oil inventories don't before.
This news limited impact on the market, ICE brent crude oil futures still flat at $118.33 / barrel.
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