EU countries have basically reached a consensus: the G7 reached an emergency agreement last week to release up to 100 million barrels of diesel and crude oil stocks. In fact, it only implements previous promises, rather than requiring additional increases in releases. According to a memorandum of understanding, at a meeting of EU member state officials held earlier on October 7, all parties generally agreed that any further release of oil stocks should be limited to the amount agreed in March. The document shows that many countries want the International Energy Agency to carry out impact assessments.

EU countries have basically reached a consensus: the G7 reached an emergency agreement last week to release up to 100 million barrels of diesel and crude oil stocks. In fact, it only implements previous promises, rather than requiring additional increases in releases. According to a memorandum of understanding, at a meeting of EU member state officials held earlier on October 7, all parties generally agreed that any further release of oil stocks should be limited to the amount agreed in March. The document shows that many countries want the International Energy Agency to carry out impact assessments.