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EU PREPARES FOR JOINT OIL MARKET MOVES IF IEA DEEMS IT NEEDED.
EU “FULLY REJECTS” POTENTIAL U.S. DIESEL EXPORT BAN
The European Union says it “fully rejects” any potential U.S. ban on diesel exports, warning such a move would undermine trust in Washington as a reliable partner.
At the same time, Brussels says it is prepared to participate in a coordinated release of emergency fuel stocks, provided the action is organized through the International Energy Agency.
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EU SPOKESPERSON ANNOUNCED THAT THE NEXT OIL COORDINATION GROUP MEETING IS SCHEDULED FOR OCTOBER 15TH AND CAN BE HELD EARLIER IF NEEDED.
EU SPOKESPERSON STATES THAT ANY RELEASE OF ENERGY IS COORDINATED BY THE INTERNATIONAL ENERGY AGENCY.
EU SPOKESPERSON DECLINES TO COMMENT ON STOCK DISCUSSION AT THIS TIME.
EU SPOKESPERSON SAYS A BAN WOULD HURT EVERYONE AND DAMAGE TRUST IN THE U.S. AS A PARTNER.
EU SPOKESPERSON STRONGLY OPPOSES ANY BAN ON DIESEL FUEL.
EU SPOKESPERSON: WE FULLY REJECT ANY BAN ON DIESEL
EU 🇪🇺 countries are now discussing a French proposal to release 50 million barrels of diesel, alongside another 50 million barrels of crude from IEA members.
Europe is also pushing for any deal to include a U.S. 🇺🇸 commitment not to impose a unilateral diesel export ban.
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EU COMMISSIONER JORGENSEN: WE ARE DISCUSSING WITH ALL MEMBERS OF THE IEA, NOT ONLY WITH THE US, WHEN IT IS TIME TO RELEASE DIESEL