Nov 23 (Reuters) - The United States said on Tuesday it would release 50 million barrels of oil from strategic reserves in a coordinated move with China, India, South Korea, Japan and Britain to cool prices after OPEC+ producers rebuffed calls for more crude. The move is intended to lower fuel costs and serve as a warning to the Organization of Petroleum Exporting Countries, as the U.S. and other major consumers believe high prices could undermine the global economy"s efforts to recover from the pandemic. The United States plans to release 50 million barrels in a combined loan and sale, while other nations haven"t released all of the details of their plans. While the United States and its allies have coordinated oil reserve releases before, this is the first time they have involved China. Notably, the unprecedented move does not directly involve the Paris-based International Energy Agency, of which the United States is a member, and China an affiliate. The 30-member IEA was founded in 1974 as an energy watchdog, and its website lists one of its major roles as helping "coordinate a collective response to major disruptions in the supply of oil". However, the IEA says its emergency response efforts are not meant to respond to rising prices. There have been three previous emergency releases coordinated by the IEA. This would be the first notable global release not spearheaded by the organization. Year Amount of oil released Reason for release 2021 50 million barrels from the United States; undetermined amts from India, China, Japan, Korea, UK Concerns about higher prices during fragile recovery from the worst of the coronavirus. Not coordinated w/ IEA. 2011 60 million barrels, with 30 mln coming from the United States Loss of crude supply from disruptions in Libya and other countries 2005 60 mln bbls, with 20.8 mln from the United States Supply disruptions from Hurricane Katrina 1991 17.3 mln U.S. barrels To minimize market disruptions during Persian Gulf War after Iraq invaded Kuwait The United States also periodically releases oil on its own, sometimes through Congressionally legislated sales. However, Washington has also released from its strategic reserve through exchange agreements, similar to loans, with private companies, often in the wake of local natural disasters. The companies have to repay by a certain date, with additional premium barrels as interest. Year Amount released Reason 2017 5.2 million barrels Supply disruptions from Hurricane Harvey 2012 1 mln bbls Supply disruptions from Hurricane Isaac 2008 5.4 mln bbls Supply disruptions from Hurricanes Gustav and Ike 2006 750,000 bbls Calcasieu Ship Channel closure 2006 767,000 bbls Closure in the Sabine Neches ship channel from a barge accident 2005 9.8 mln bbls Supply disruptions from Hurricane Katrina 2004 5.4 mln bbls Supply disruptions from Hurricane Ivan 2002 98,000 bbls Supply disruptions from Hurricane Lili 2000 About 30 mln bbls To establish an emergency fuel source in the U.S. Northeast 2000 1 mln bbls Calcasieu Ship Channel closure 1999 11 mln bbls To exchange crude grades for Maya crude 1996 900,416 bbls ARCO Pipe Line Company blockage Reporting by Stephanie Kelly Editing by Marguerita Choy, David Gregorio and David Evans Our Standards: The Thomson Reuters Trust Principles.