‘IEA will release stock if oil supply is disrupted’

The International Energy Agency is ready to coordinate a release of emergency oil stocks, as it did in September, if the political situation in Nigeria or Iran leads to supply disruptions, the head of the IEA said on Wednesday.
Claude Mandil, executive director of the IEA, advisor to 26 industrialized nations, also urged Russia to reform its energy markets and end the monopoly of Gazprom , the world’s largest gas producer, because its dispute with Ukraine put its reputation as a supplier at risk.