Oil news

EU Commission Spokesperson says "we are far less concerned about the security of supply of oil and gas than we are about the high energy prices"

Newsquawk Staff ·

  • All member states have between 85-90 days of stocks of oil or equivalent. 

What it means

The EU Commission's remarks indicate a shift in focus from supply security toward addressing soaring energy prices, which could signal a more stable outlook for oil and gas supplies in the near term. With member states holding substantial reserves, this may relieve some market pressures, but persistent high prices could still weigh on economic sentiment and inflation expectations across the region.

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