EU Commission spokesperson says EU to hold new meetings of its oil and gas co-ordination groups; oil coordination group to meet on Wednesday, gas group on Thursday
- Adds that EU is working on toolbox to lower energy prices
Context
The EU's initiative to convene oil and gas coordination groups indicates a proactive approach toward managing energy prices amid ongoing volatility. This suggests potential supply-side strategies may be discussed, which could impact market sentiment and pricing in both oil and gas sectors, particularly if the 'toolbox' they mention includes measures that could alleviate current price pressures.
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