News about IEA: events, facts and developments on tafs uz.
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Belgium, Denmark, France, Germany, Greece, Italy, Lithuania, Luxembourg, the Netherlands, Portugal and Sweden have agreed on a joint release of diesel fuel from strategic reserves amid a strained global market and high oil prices. The initiative follows a G7 statement and an IEA appeal; oversight of its implementation has been entrusted to the European Commission.
Otabek YusupovOn October 14 in Brussels, an official spokesperson of the European Commission said that the coming winter season could be very difficult and that there is a possibility of an energy shortage in Europe. According to DW, fuel supply disruptions are linked to production problems after the start of the war by the US and Israel against Iran: in September, diesel exports from the Middle East and Russia fell by a combined 1.3 million barrels per day. IEA member countries are coordinating the release of 100 million barrels of oil and diesel onto the market from strategic reserves.
Otabek YusupovThe International Energy Agency has warned that the diesel market will remain tight at least until 2027, and wholesale diesel prices in Europe may rise again in the coming weeks. The recovery of supplies from the Persian Gulf has not eliminated the shortage: production is still below global demand, Iran has blocked the Strait of Hormuz, and the Houthis are attacking Saudi facilities.
Dilnoza Rahimova
