05/03/2026 (Agence Europe) – In response to the disruption to oil and gas markets caused by the conflict in the Middle East, which is in its sixth day, EU Member States have indicated that they see no immediate risk to security of supply. This is what comes out of the European Commission’s minutes of the separate meetings of the Gas Coordination Group and the Oil Coordination Group, which took place on Wednesday 4 March. Since the last meeting of the Oil Coordination Group, on 25 February, “no additional oil stocks have been released and remain at high level”, stated the Commission. It reiterated that the level of gas storage capacity in the EU “remains stable” (see EUROPE 13819/2). It explained, however, that in the event of a prolonged closure of the Strait of Hormuz or further disruptions, the EU’s security of oil and gas supply would be reassessed. (PLD)