Birol: IEA Countries Weigh Further Oil Reserve Release

Members of the International Energy Agency may consider releasing more strategic oil reserves onto the market as European governments grow increasingly concerned about rising energy prices and tighter winter supplies.

The possible move, flagged by Birol, remains under consideration. A further release would make additional oil available from stocks held for supply emergencies.

The European Union is also studying whether to postpone methane emissions rules covering oil and gas imports. No decision on a delay has been announced.

The two options reflect mounting pressure on European governments to address energy costs while safeguarding supplies through the winter.

For the EU, the discussions also highlight the challenge of balancing emissions requirements with immediate concerns over the availability of imported fuel.