U.S., Japan, others to release oil reserves amid Russia invasion

The International Energy Agency said Tuesday its member countries, including the United States and Japan, agreed to release 60 million barrels of oil from emergency reserves to ensure the stability of oil markets amid Russia's invasion of Ukraine.Such a coordinated release of petroleum stocks, the first of its kind since 2011, is intended to "send a unified and strong message" to global markets that there will be no supply shortfalls as a result of the attack launched by Russia, the world's third-largest oil producer and largest exporter, the IEA said in a press release.The agreement was re…READ FULL ARTICLE