ReportedShipping, energy & marketsEurope
Europe announces release of 42 million barrels from emergency oil stocks
- Mountain Time
- Local time
- 6:30 PM in Paris
- Where
- Europe
French Economy Minister Roland Lescure said European governments will release 42 million barrels of emergency oil stocks over three months, with diesel accounting for half of the volume. France plans to supply 10 million barrels of diesel at cost in the coming days.
Why it matters
The release would add roughly 460,000 barrels per day to supply over three months, including diesel volumes intended to reduce fuel prices before winter.
Source
- OilPrice.comoilprice.comPublished
Confidence: Published by a named news organization. Not yet independently confirmed. About confidence labels