IEA may release more oil if needed, says executive director Posted on May 13, 2022 by cngpump The IEA said separately on Thursday that the world will not be left short of oil even with lower output from sanctions-hit Russia. Related posts: India weighs joining IEA emergency oil release plan to calm prices Nigeria and Angola responsible for almost half of OPEC+ oil supply gap Biden sidelined global energy partners with record emergency oil release: sources In U-turn, IEA sees world weathering lost Russian oil supply Russian oil output rising in May, Novak says: agencies China’s Sinopec sees no impairment risk of Russian assets – executive Some Indian refiners set to cut May Saudi oil, snap up Russian barrels IOC subsidiary to release 6,000 MT diesel to help ease power crisis in Lanka IEA fears global crude oil supply ‘shock’ over Russia sanctions Petrol prices up by only 5% as against 50% in developed nations: Oil minister in LS