Minister Says Oil Won’t Leave Australia Amid IEA’s Massive Stockpile Release

‘What I want to make really clear ... is all that fuel remains in Australia. It doesn’t go anywhere because of [the IEA’s] request,’ said Madeleine King.

Barrels labelled with the Castrol logo are seen at Fremantle Ports in Perth, Western Australia, on March 16, 2024. Susan Mortimer/The Epoch Times

Australia’s Resources minister Madeleine King has reassured Australians that oil reserved for Australian use will not be shipped off to other nations amid a decision by the International Energy Agency (IEA) to release 400 million oil barrels from emergency reserves to address the energy crisis.

King called the IEA’s decision “important” and said any oil released by Australia would remain onshore, though sending it overseas would be “considered.”