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MELBOURNE: International Energy Agency (IEA) member countries are set to meet on Friday at 1200 GMT (1400 Paris time) to decide on a collective oil release, a spokesperson for New Zealand's energy minister said on Thursday.
"The amount of the potential collective release has not been decided," the spokesperson for energy minister Megan Woods said.
The IEA called an emergency ministerial meeting for Friday.
"That meeting will set a total volume, and per country allocations will follow," she said.