Which countries have strategic oil reserves – and how much? Members of the International Energy Agency have agreed to release 400 million barrels of oil from strategic reserves.Share this: IEA agrees release of 400m barrels of oil from strategic reservesDateMarch 11, 2026In relation toAl-JazeeraVenezuela’s reserves have strategic advantages for the USDateDecember 22, 2025In relation toAl-JazeeraJapan begins release of oil reserves as Iran war sparks energy crisisDateMarch 16, 2026In relation toAl-Jazeera