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EU to release 42 million barrels oil stocks
By Drooid · · How we work
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- Economy Minister Roland Lescure announced Europe will release 42 million barrels of oil stocks, half diesel, within three months.
- France will supply 10 million barrels of diesel at cost, forecasting a 12-18 cent per liter price cut.
- Eleven EU countries pledged to release 20.5 million barrels of diesel from strategic reserves by end-January 2027.
- EU Energy Commissioner Dan Jørgensen said refinery closures were a mistake and urged easing rules to raise output.