Oil releases so far are just 9% of stocks, “can come back again if a problem” – IEA head

div classBodysc17zpet90 cdBBJodivpMILAN Reuters – The two oil stock releases carried out so far amount to only 9 of overall stocks, Fatih Birol, head of the International Energy Agency IEA, said on Thursday.

“We can come back again if there is a problem,” he said while speaking remotely during an event in Florence, Italy.pdivdivdiv classBodysc17zpet90 cdBBJodiv

Birol said a situation where a shortterm scramble for alternative energy sources to Russia prolonged reliance on volatile fossil fuels had to be avoided.

The IEA last month listed members contributions to a 120millionbarrel release of crude and oil products from emergency stockpiles to bring down global oil prices after the beginning of the Ukraine crisis.

Reporting by Stephen Jewkes, Writing by Federico Maccioni, Editing by

divdivdiv classBodysc17zpet90 cdBBJodivdivdiv