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Image header Agence Europe
Europe Daily Bulletin No. 13826
Contents Publication in full By article 1 / 30
WAR IN MIDDLE EAST / Energy

IEA member countries agree to release 400 million barrels of oil from their emergency reserves

On Wednesday 11 March, the 32 member countries of the International Energy Agency (IEA), which include a majority of EU Member States, agreed to release 400 million barrels of oil from their emergency reserves (1.2 billion barrels in total) to offset the disruption to oil markets caused by the conflict in the Middle East.

As explained by the IEA’s Executive Director, Fatih Birol, this is the largest coordinated release in the Agency’s history, following six previous actions, the two...

Contents

WAR IN MIDDLE EAST
ENERGY: IEA member countries agree to release 400 million barrels of oil from their emergency reserves
IRAN: EU Member States approve new sanctions targeting 19 Iranian regime officials and entities
LEBANON: Ursula von der Leyen promises more humanitarian aid for Lebanese who have fled country’s south
EUROPEAN PARLIAMENT PLENARY
MIDDLE EAST: MEPs demand respect for international law and disagree on how to respond to war
ENERGY: Ursula von der Leyen recognises need to reduce system cost impact “when gas sets the electricity price”
HOME AFFAIRS: European Parliament approves Commission’s proposal to extend ePrivacy Directive derogation, but sets limits
ENLARGEMENT: at European Parliament, Marta Kos points out that process of integrating new countries into EU will always be based on “merit and reform”
DEFENCE: European Parliament calls on EU to speed up progress on flagship projects of common interest
DEFENCE: European Parliament calls for genuine single market for defence
ARMENIA: my country intends to pursue reforms to bring it closer to EU, assures Nikol Pashinyan
CANADA: European Parliament supports closer relations with Canada against backdrop of geopolitical upheaval
EU INSTITUTIONS: European Parliament ratifies revision of its Framework Agreement with European Commission
FINANCE: MEPs call for accelerated integration of capital markets
ECONOMY: increased military spending must not be at expense of other EU priorities, says European Parliament
SOCIAL: European Parliament calls for greater integration of social objectives into EU economic governance
SECTORAL POLICIES
COMPETITIVENESS: Belgium once again holds informal meeting with some twenty member countries to prepare messages for next European Council
FISHERIES: Europêche calls for measures to remedy energy crisis affecting sector
AGRICULTURE/CLIMATE: EU Scientific Advisory Board advocates an ETS for agriculture
ECONOMY - FINANCE - BUSINESS
EURO AREA: Kyriakos Pierrakakis presents euro area’s economic priorities to President of European Council, António Costa
FINANCE: European Commission recommends that EU financial sector continue to adapt to new threats
INSTITUTIONAL
BUDGET: EU countries invited to take a position on governance of three main instruments of post-2027 EU budget
EXTERNAL ACTION
MIDDLE EAST:
faced with unacceptable level of violence in West Bank, EU calls on Israel to take measures
NEWS BRIEFS
AFRICA: EU countries step up their demining support
STATE AID: European Commission approves €260 million in Belgian State aid for a carbon capture and storage project
STATE AID: EU gives go-ahead for Spanish State aid worth €70 million to digitalise print media
ECB: “we will take necessary measures to keep inflation under control”, says Christine Lagarde
DEMOCRACY: Hungary organises a round-table discussion with several online media platforms in run-up to its national elections
TAXATION: European Commission takes Spain to court for failure to transpose VAT measures into national law
BETTER REGULATION: NGOs invite President of European Commission to civil society ‘counter-summit’ in Antwerp
RESEARCH: MSCA programme provides €16.3 million to fund 49 projects in 40 countries