The Aporia
The International Energy Agency (IEA) will hold an informal meeting on Wednesday at 1300 local time in Brussels to discuss the proposed release of 100 million barrels of diesel and crude oil from emergency reserves, according to two European Union diplomats. The Group of Seven major economies agreed last week to this release under pressure from US President Donald Trump, aiming to address shortages and high prices. Representatives of EU nations discussed this proposal earlier in a Wednesday morning meeting, furthering the coordination on energy policy among these countries. However, industry confusion persists over specific contributions by Europe and the United States towards the overall 100 million barrels target.