PANews reported on March 15 that, according to Jinshi, the International Energy Agency (IEA) stated that oil in emergency reserves will soon begin flowing into the global market. Stockpiles from Asian and Oceanian countries will be immediately available, while those from Europe and the Americas will be available by the end of March. Governments have pledged to release 271.7 million barrels of crude oil from strategic petroleum reserves and 116.6 million barrels from mandatory industry reserves. Member countries in the Americas will provide 172.2 million barrels of oil. Of the planned release, 72% is crude oil and 28% is petroleum products.