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IEA says ready to take action on strategic stocks if needed

Posted on 24 May 2012

The International Energy Agency is monitoring oil markets and is ready to take action to release strategic oil reserves if needed, IEA’s Executive Director Maria van der Hoeven said at an OECD event on Wednesday, reiterating the body’s recent stance.
“We have to be on the alert, we have to monitor the situation as it is and if necessary … are ready to take action if necessary,” she said………………………………………..Full Article: Source


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