Germany to release oil reserves after IEA request, minister says
ReutersMar 11, 2026 11:24 AM
March 11 (Reuters) - Germany will release part of its oil reserves after the International Energy Agency (IEA) recommended the release of 400 million barrels of oil from reserves, the largest such move in IEA history, Germany's Economy Minister Katherina Reiche said on Wednesday.
Speaking to reporters in Berlin, Reiche also confirmed the government plans to limit petrol price increases at petrol stations to once a day.
She did not give an exact timing for those measures.
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