Eleven EU countries to release 20.5 million barrels of diesel fuel from strategic reserves by the end of January 2027
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 Yusupov