European Union seriously warns about risks of a worsening global energy crisis. Energy Agency board convenes tomorrow for decisions affecting critical oil reserves management.
Anna-Kaisa Itkonen highlights Union’s critical coordination role during international energy issues.
Europe maintains intensive contacts, evaluating urgent actions for potential diesel reserves release. Authority for releasing strategic stocks belongs exclusively to the International Energy Agency.
Releasing those strategic reserves operates on a voluntary basis, just like early April. No current shortage evident, yet price crisis broadly impacts everyone, warns spokesperson.