EU: Using diesel reserves may lower prices
A spokesperson for the European Commission stated that the G7 countries' decision to withdraw 100 million barrels from diesel and oil reserves will support oil prices within the European Union. Nonetheless, the upcoming winter is expected to remain challenging in terms of energy prices, as a French proposal to withdraw 50 million barrels of diesel and 50 million barrels of crude oil from the Union's stocks is being discussed. The market has recently recorded a historic rise in diesel prices across the EU, with the Union taking measures to address the surge in prices and ensure supply stability.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)