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France Proposes Fresh Release of Diesel and Crude by EU, IEA

Source: Bloomberg

Energy Markets & PricesGeopolitics & WarTrade Policy & Supply Chain

France proposed a coordinated release of 100 million barrels of diesel and crude oil from European countries and International Energy Agency members. The measure is intended to reduce fuel prices and respond to Trump administration pressure on Brussels, potentially increasing near-term oil-product supply and weighing on energy prices if implemented.

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