European Union considers joint action as energy prices continue rapidly escalating worldwide. Commission spokesperson voices strong opposition to United States possible diesel export ban.
European Union member states convened Friday morning to discuss persistently high diesel prices.
International Energy Agency manages responsibility for organizing release of energy reserves now. United States urges European countries to release national reserves, easing market tension.
Media reports suggest Washington requested approximately one third of total global stockpiles. France, current G Seven president, seeks urgent video conference among global energy leaders.