IEA may be forced to release more strategic oil reserves if Brent stays elevated: Sparta Commodities June Goh
Singapore, July 25 -- With global crude oil prices now having crossed the USD 100 per barrel mark amid escalating geopolitical tensions, the International Energy Agency (IEA) could release another batch of strategic petroleum reserves (SPR) if prices remain elevated, Senior Oil Market Analyst at Sparta Commodities June Goh had said in an exclusive interview with ANI.
Speaking to ANI earlier, Goh said the IEA had not yet exhausted the previously announced emergency release and suggested that sustained higher oil prices could prompt another coordinated intervention.
The IEA released the first batch of emergency oil reserves following its historic 400-million-barrel collective action announcement on March 11, 2026.
"At that point in time,...
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