Will the International Energy Agency's decision to release crude from the strategic reserve help bring down oil and gas prices?

Greg Upton

Greg Upton

Interim Executive Director & Associate Research Professor

Theoretically, if you increase the supply of something, the price can come down a little. In practice, the impact is really, really, really small on that global market in terms of that global price.


The release from these reserves is, I think, more targeted and strategic in terms of making sure that individual refineries have access to that oil as opposed to having a big impact on the global price of that commodity.

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