Energy · Brussels, Belgium · October 29, 2026

Eleven EU countries to release 42.6 million barrels of oil

Reported by 2 outlets · first reported Oct 29, 1:30 PM ET

Eleven EU countries will release 42.6 million barrels of emergency oil over three months. Half is diesel. The aim is to lower fuel prices before winter.

Why it matters

Diesel prices drive transport and food costs across Europe.

Background

The Iran war disrupted Gulf oil and gas supply and pushed prices up.

The story so far

1. Oct 22Record fuel prices speed Europe's shift to electric cars
2. Oct 28EU natural gas prices top €100 for first time since 2022
3. Oct 29Eleven EU countries to release 42.6 million barrels of oil

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Sources

• Le Monde ↗Oct 29, 11:21 PM ET
• OilPrice ↗Oct 29, 1:30 PM ET

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