23 Hrs
Source:
عربي21
EU: Releasing diesel reserves may lower prices
A source from the European Commission reported that the G7 countries' decision to release 100 million barrels of diesel and crude oil reserves to support the stability of global energy markets will have a positive impact on oil prices within the European Union. However, experts anticipate that the EU will still face a challenging winter in terms of energy prices, as diesel prices in Europe saw a sharp increase before declining following the decision. This comes amid political and economic pressures from the United States and China, with expectations of increased supply to meet market needs. Nevertheless, experts warn that fuel shortages could worsen, and filling global reserves may require about two years.
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