South Korea Joins IEA Oil Reserve Release Talks

South Korea said Wednesday it is participating in discussions with the International Energy Agency over the IEA's proposal to release strategic oil reserves. Seoul holds about 1.9 billion barrels—more than 200 days' supply—and has coordinated five prior releases; an extraordinary IEA meeting of 32 members is expected soon to decide on what would be the largest-ever coordinated release.
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