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13 Articles
"To our knowledge, no Member State has released its emergency oil stocks," said a spokesman for the European executive on Monday.
The European Commission is not concerned about the fact that there may be a shortage of gas and oil in the face of the war in the Middle East and the closure of the Strait of Ormuz, and has confirmed this at a press conference this Monday. "We are much less concerned about the security of supply than we used to be.This is a perfect reminder to focus on strengthening our independence and energy resilience, something we have been doing for years,"…
The European Union (EU) said on Monday that Europe will not face "an oil supply shortage in the near future," even though the Middle East war has caused a price spike.
No Member State has started to draw on its emergency stocks, says the European Commission.
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