Middle East Economic Survey


No 40


IEA Has Released 42-45Mn Barrels Of Stocks After Hurricane Katrina

The International Energy Agency (IEA) said on 27 September that it had released 42-45mn barrels of fuel stocks (of which 15-20mn consisted of petroleum products) out of 60mn barrels of stocks offered after Hurricane Katrina struck the US Gulf coast in August. The IEA said in early September that it would release 60mn barrels of crude and products to the market over 30...