A release of strategic oil reserves is not warranted by market conditions at this time, says IEA...

|By:, SA News Editor

A release of strategic oil reserves is not warranted by market conditions at this time, says IEA head Maria Van Der Hoeven, calling the market "sufficiently supplied" and reminding the stocks are there to bridge serious disruptions. Yesterday, chatter hit that the WH (or is it the reelection campaign) is considering an SPR release.