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Story summary
- The International Energy Agency (IEA) announced an unprecedented release of 400 million barrels from member stockpiles.
- Oil prices remain high despite the release, amid a daily shortfall of 15 million barrels.
- Analysts estimate emergency supplies may fill only 4-5 million barrels of the gap.
- India is experiencing significant impacts, with oil refineries shutting down and gas rationing.
- Workers in Thailand and Vietnam are working from home to conserve petrol supplies.
