Emergency oil supply to ease energy market volatility
-
Media Baaji
- Tue, 17 March 2026
Kathmandu. The International Energy Agency has said that the member countries of Asia and Oceania region will immediately send oil from their emergency oil reserves to the market. It is said that such a step has been taken to reduce the instability seen in the world market. According to a statement released by the agency on Sunday, oil from the emergency stockpile will soon begin to be supplied to the world market.
For this, the member states have also submitted their implementation plans related to oil publicization. It is said that oil will be provided from the end of March from the stockpiles of member countries of America and Europe.
According to the agency, on March 11, 32 member states jointly decided to release 400 million barrels of oil in view of the interruption in world oil supply due to the ongoing conflict in the Middle East.
Express
Related News
Are you exchanging foreign currency? Here are the exchange rates (with list)
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the National Bank, the value of the US dollar has decreased. For Friday, the buying rate of one American dollar has been fixed at 140 rupees...
A rise of 47.55 points in NEPSE, the most traded among hydropower companies
Kathmandu. On the first trading day of the week, NEPSE index increased by 47.55 points to 2633.42. Today, 1 crore 34 lakh 68 thousand 145 shares of 328 companies were bought and sold, and 5 billion 53 crore 13 lakh shares were traded. Today, while...
NEPSE rose, the index to 2,597 points as share prices of 121 companies increased
Kathmandu. On Thursday, the last trading day of the current financial year, the Nepal Stock Exchange NEPSE index has closed with an increase of normal points. The market, which has been fluctuating throughout the day, improved at the end of tradin...
In five months, 3 trillion 59 billion worth of goods were brought in through the Birganj border
Birganj. In the five months of the current financial year, goods and goods worth Rs. Compared to the five months of the previous financial year, goods worth 53.32 billion more were imported by 17 percent in the same period of the current year. Whi...
Foreign currency exchange rate set for today
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the National Bank, the buying rate of one American dollar has been fixed at 151 rupees 63 paisa and the selling rate is 152 rupees 23 paisa....
Naima's request to the government - automobile sector should be recognized as a 'necessity' and not a 'luxury'
Kathmandu. The delegation headed by Ritu Singh Vaidya, President of Nepal Automobile Importers and Manufacturers Association Naima, Finance Minister Dr. Swarnim Wagle met with and presented detailed suggestions for policy and systemic reforms rela...