ReportedShipping, energy & marketsEuropean Union
EU governments debate joint diesel and crude reserve releases
- Mountain Time
- Local time
- 10:10 AM UTC
- Where
- European Union
European Union governments discussed a French proposal to jointly release 50 million barrels of diesel reserves and seek an International Energy Agency release of 50 million barrels of crude, Reuters reported via CBS News. Participants also discussed linking any diesel release to a U.S. commitment not to impose a unilateral diesel-export ban.
Why it matters
The proposal could add emergency fuel supply to the market, but EU participation is being linked to U.S. policy on diesel exports.
Source
- CBS Newscbsnews.comPublished
Confidence: Published by a named news organization. Not yet independently confirmed. About confidence labels