The International Energy Agency and the European Union are discussing a proposal to release crude oil and diesel stockpiles, according to a ChainCatcher report. The talks involve diplomats and analysts. Separately, the Group of Seven agreed last Friday to release 100 million barrels of oil. The report said wars involving Iran and Ukraine have damaged refineries, lifting diesel prices and adding pressure to inflation and the transport sector. The item did not provide a timeline for any additional release beyond the G7 decision, nor did it name the diplomats or analysts involved in the discussions. No further details were disclosed in the brief.
According to ChainCatcher, the International Energy Agency (IEA) and the European Union are discussing a proposal to release crude oil and diesel reserves with diplomats and analysts.
The Group of Seven agreed last Friday to release 100 million barrels of oil. The report said wars involving Iran and Ukraine have damaged refineries, pushing up diesel prices and affecting inflation and the transport sector.
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