Two European Union diplomats said the governing board of the International Energy Agency is set to review a proposal at an informal meeting on Wednesday afternoon to release part of its oil and diesel reserves, in a move aimed at easing shortages and curbing high energy prices.<\/p>\n
According to the diplomats, representatives of EU member states also discussed the plan separately on Wednesday morning.<\/p>\n
Meanwhile, G7 countries last week, under pressure from US President Donald Trump, agreed to release 100 million barrels of crude oil and diesel from emergency reserves and pledged not to impose restrictions on energy exports.<\/p>\n
It remains unclear, however, exactly how much oil and diesel Europe and the United States will bring to market to ease shortages and counter unprecedented energy prices.<\/p>\n
The International Energy Agency is an intergovernmental body based in Paris that plays a coordinating role on energy security and cooperation among member countries, including the use of emergency reserves.<\/p>\n","protected":false},"excerpt":{"rendered":"
The IEA is set to review a plan to release oil and diesel reserves as Europe and the US seek to ease shortages and high energy prices.<\/p>\n","protected":false},"author":2,"featured_media":23427,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17,6],"tags":[],"class_list":["post-23428","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-important-news","category-international"],"_links":{"self":[{"href":"https:\/\/atlaspress.news\/en\/wp-json\/wp\/v2\/posts\/23428","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/atlaspress.news\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/atlaspress.news\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/atlaspress.news\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/atlaspress.news\/en\/wp-json\/wp\/v2\/comments?post=23428"}],"version-history":[{"count":0,"href":"https:\/\/atlaspress.news\/en\/wp-json\/wp\/v2\/posts\/23428\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/atlaspress.news\/en\/wp-json\/wp\/v2\/media\/23427"}],"wp:attachment":[{"href":"https:\/\/atlaspress.news\/en\/wp-json\/wp\/v2\/media?parent=23428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/atlaspress.news\/en\/wp-json\/wp\/v2\/categories?post=23428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/atlaspress.news\/en\/wp-json\/wp\/v2\/tags?post=23428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}