While crude oil prices are rising due to Russia's military invasion of Ukraine, it was found that major oil consuming countries such as the United States are close to each other and are making adjustments by coordinating the release of oil stocks to the market. rice field.
Due to Russia's military invasion of Ukraine, the New York crude oil market is on an upward trend, with WTI futures prices surpassing $ 100 a barrel for the first time in 7 years and 7 months, an international indicator of crude oil trading last week. it is continuing.
In response to this situation, several media such as the United States announced on the 28th that major oil consuming countries such as the United States, which is a member of the IEA = International Energy Agency, coordinated oil stockpiling to the market in order to secure stable crude oil. He told me that he is making adjustments by releasing it.
In this regard, IEA Executive Secretary Virol said in a Twitter post, "We will hold an extraordinary meeting on the 1st to discuss the role of member states in stabilizing the energy markets."
Regarding the release of oil reserves in response to the situation in Ukraine, while there are concerns about the impact of economic sanctions on Russia, the United States is considering it as a means to curb the rise in crude oil prices, and Japan is also requested by the IEA. If so, it indicates the intention to actively participate.