The key facts

  • The European Commission warned on October 14 in Brussels about the likelihood of energy shortages and a harsh winter in Europe
  • In September, diesel exports from the Middle East and Russia collectively decreased by 1.3 million barrels per day
  • IEA member countries are coordinating the release of 100 million barrels of oil and diesel from strategic reserves

European Commission Warning

The European Commission expects the upcoming winter season to be very difficult. This was reported on October 14 in Brussels by an official representative of the organization, as written by DW. According to him, there is a risk of energy shortages in Europe, and in the coming months, against the backdrop of a significant rise in energy prices, the situation may remain unstable and difficult to predict.

Causes of Supply Disruptions

Fuel supply disruptions are linked to production problems following the start of the war between the US and Israel against Iran. In September, diesel exports from the Middle East and Russia collectively fell by 1.3 million barrels per day.

Measures to Curb Price Increases

To curb rising prices, member countries of the International Energy Agency are coordinating measures to release 100 million barrels of oil and diesel from strategic reserves into the market.