Energy

NZ releases oil reserves, MPs put on Russia's blacklist

Ian Llewellyn
Fri, 08 Apr 2022

NZ releases oil reserves, MPs put on Russia's blacklist
Russia's invasion of Ukraine continues to send shockwaves through the world's oil markets. (Image: Depositphotos)
Ian Llewellyn
Fri, 08 Apr 2022
Details of New Zealand’s part in international efforts to reduce the oil shock following Russia’s invasion of Ukraine have been released, as the Kremlin places NZ’s politicians on its banned list.Energy minister Megan Woods said NZ will release 483,000 barrels from its emergency oil stocks as part of additional action by International Energy Agency (IEA) member countries in response to the ongoing impact on energy security following Russia's invasion of Ukraine.Last Saturday, the 31 members of the agency agreed to take col...

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