BRUSSELS: The governing board of the International Energy Agency (IEA) will hold an informal meeting at 1300 local time (1100 GMT) on Wednesday to discuss a proposed release of oil and diesel stocks, two European Union diplomats said.
The representatives of EU nations had already discussed the proposed release at a meeting on Wednesday morning, added the diplomats.
A surge in diesel prices has turned the fuel, which underpins trucking, agriculture and industry, into a global political and economic concern. The wars in Iran and Ukraine have curtailed exports and damaged refineries, helping drive a rise in prices.
