US Pressures EU to Release Diesel Reserves from Stocks
- Washington podle jednoho ze zdrojů žádá, aby Evropská unie uvolnila naftu ze svých rezerv, informovaly novinky.cz.
- Before the outbreak of the Middle East conflict at the beginning of the year, the average price stood at 1.59 euros (55 Kč).
- Secretary of Energy Chris Wright criticized European nations for lagging behind on their inventory commitments, stating that while the United States and Japan are fulfilling their obligations, některé...
Washington podle jednoho ze zdrojů žádá, aby Evropská unie uvolnila naftu ze svých rezerv, informovaly novinky.cz. The escalating pressure from the United States comes as a political crisis builds around fuel prices ahead of upcoming congressional elections, while European capitals face record pump prices following disruptions in the Middle East and the loss of Russian imports.
Washington Demands Diesel Reserves While Fuel Prices Reach Record Highs
Before the outbreak of the Middle East conflict at the beginning of the year, the average price stood at 1.59 euros (55 Kč). Twelve EU countries have recorded new price highs, including Belgium, Italy, Romania, and Poland, with diesel climbing above 2.5 euros per liter in Denmark, the Netherlands, and Finland, and reaching 2.44 euros in Germany. The White House contends that several European countries have failed to meet their commitments regarding the use of emergency oil and petroleum product reserves. The U.S. government has directed specific criticism toward Germany and France, raising its concerns with the International Energy Agency, which coordinates the release of emergency stockpiles among member countries. In March, Washington agreed to release 172 milionů barelů of oil from its strategic reserves as part of an agreement by roughly 30 IEA member countries to release a total of 400 milionů barelů globally, with EU member states committing to a 20 percent share.
American Criticism Targets European Delay in Releasing Inventories
U.S. Secretary of Energy Chris Wright criticized European nations for lagging behind on their inventory commitments, stating that while the United States and Japan are fulfilling their obligations, některé evropské země uvolnily pouze zlomek
of the agreed volume. The U.S. administration subsequently indicated it expects updates from Europe regarding new oil supplies in the near term. The surge in diesel prices has developed into a major political liability for President Donald Trump and the Republican Party ahead of the November congressional elections. The Trump administration is weighing multiple options to bring down costs. Je v nejlepším zájmu Evropy, aby se Spojenými státy spolupracovala,
uvedl jeden ze zdrojů agentury Reuters.
European Commission Conducts High-Level Talks Amid Supply Vulnerabilities
A spokesperson for the European Commission declined to comment directly to Reuters on the specific U.S. pressure directed at Berlin and Paris, but confirmed that the Commission is engaged in high-level talks with the Trump administration regarding current oil market conditions. An unnamed EU official told Reuters that the European Commission, Germany, France, Italy, Ireland, and Britain are actively discussing a potential coordinated release of oil from national reserves. While the impact has not yet fully materialized in standard macroeconomic data, manufacturing purchasing managers’ indices showed resilience with the eurozone reading reaching 52.9 points, Germany at 53.9 points compared to the previous and expected 53.8 points, and France at 50.6 points compared to the previous 50.3 points. Continued pressure on fuel markets threatens to weaken consumer spending, lift production and transportation expenses, and further weigh on industrial competitiveness across the continent.