Sweden contributes to alleviating oil market disruption

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Sweden contributes to alleviating oil market disruption
Photo: Caisa Rasmussen/TT

On Wednesday, it became clear that 400 million barrels of crude oil from various countries' reserves will be released, according to an initiative from the International Energy Agency (IEA), which includes Sweden.

Each member state has 90 days and is responsible for how the stock drawdown is to be carried out. The Swedish Energy Agency has now notified the IEA of Sweden's contribution.

"In consultation with the Government Offices, we indicate which stored fuels and volumes may be made available," says Gustav Ebenå, head of department at the authority, in a press release.

Sweden has committed to having emergency stocks equivalent to 90 days of net imports, including gasoline, diesel and aviation kerosene.

The authority sees no immediate risk of physical oil shortages in Sweden in the short term.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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