The conflict in the Middle East has forced the EU to compete for supplies on global oil and gas markets, which have seen a significant reduction in supply and increased prices. Against the backdrop of such global uncertainty and energy markets tightness, the European Commission is working with Member States and industry to ensure that […]
The EU continues to monitor the oil market and is preparing a response to the situation regarding jet fuel supplies
The meeting of the Oil Coordination Group brought together experts from the European Commission, EU member states, the International Energy Agency (IEA) and NATO, as well as representatives from the oil industry, to discuss the security of oil supply in Europe and the best way to coordinate efforts at EU level whilst the conflict in […]