EU discusses French proposal to release diesel stocks amid US pressure

Summary

• European Union countries on Friday discussed a French proposal to release 50 million barrels of diesel from emergency stockpiles as the United States pressures European nations to increase fuel supplies and help curb surging prices, according to a source familiar with the discussions.
• Under the proposal, European countries would release 50 million barrels of diesel, while International Energy Agency members would release a further 50 million barrels of crude oil, the source said.
• The Trump administration has also urged major European countries, including France and Germany, to release 100 million barrels of diesel within a 20-day period, according to Reuters.

AI Generated Summary

European Union countries on Friday discussed a French proposal to release 50 million barrels of diesel from emergency stockpiles as the United States pressures European nations to increase fuel supplies and help curb surging prices, according to a source familiar with the discussions.