IEA says will not release emergency oil after Ike

PARIS (Reuters) - The International Energy Agency IEA said on Saturday it would not release emergency oil stocks after hurricane Gustav and Ike disrupted oil production, the agency said on Saturday. "After a thorough joint assessment of the impact of Hurricanes Gustav and Ike, the IEA and the U.S. government have decided that a collective action to release oil to the market from strategic reserves is not necessary at this time," it said in a note posted on its website.

(Reporting by Muriel Boselli)