Newsquawk Logo

IEA Chief Birol says IEA has only released c. 20% of its total oil stockpile so far and is ready to act again

IEA Chief Birol's remarks highlight the ongoing complexities in global oil supply amid the Iran crisis, indicating that only a fraction of the IEA's oil stockpile has been released.

Newsquawk StaffPublished On the live feed at — 5 more headlines followed before this page went public
Newsquawk headlinesUTC

OpenAI’s AI chip deal with Broadcom (AVGO) hits USD 18bln financing snag, via The Information

NHTSA says Tesla's (TSLA) Model Y is the first vehicle to pass NHTSA's new "Advanced Driver Assistance" tests

IEA Chief Birol says IEA has only released c. 20% of its total oil stockpile so far and is ready to act again

US official told Al Jazeera that reports about preparations to resume Operation Freedom to reopen the Strait of Hormuz are incorrect.

Verizon (VZ) is cutting several hundred workers, or less than 1% of its head count, Business Insider reports

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Try the platform free
Free. No signup, no card.
  • Europe made a mistake by distancing itself from Nuclear power
  • Canada has an abundance of resources, question is whether they can get them to the market
  • Canada should take steps forward in refining and processing critical Minerals
  • Canada must make sure it has new export destinations for its oil production
  • Canada is an obvious Choice as new countries look for new energy trade Partners following Iran crisis
  • Markets are headed into 'troubled Waters' as Iran war continues 
  • The return of supply will be gradual once the Iran war ends, leading to volatility in the market 
Context

This suggests potential for volatility as markets adjust to the gradual return of supply post-conflict, with Canada emerging as a key player for new energy partnerships. Overall, traders should brace for possible disruptions and shifts in demand dynamics throughout energy markets.

Related headlines

The whole workspace, free to try.

Try it free
Newsquawk Logo

© 2026 Newsquawk. All rights reserved.