Energy
Japan, Canada Top Contributors to IEA Emergency Oil Release
Oil storage containers and pipelines at an oil terminal in Hardisty, Alberta, Canada.
Photographer: Jason Franson/BloombergJapan, Canada and South Korea will be among the largest contributors to a coordinated release of emergency oil stockpiles in response to disruptions from the Iran war, the International Energy Agency said Thursday
The releases comes as part of the the IEA’s pledge to release up to 400 million barrels as concerns grow over what it has called the largest supply disruption on record.