Two EU diplomats said the IEA governing board will hold an informal meeting on Wednesday at 13:00 local time (19:00 Beijing) to discuss a proposal to release oil and diesel stocks. EU member-state representatives met Wednesday morning to review the same proposal. Last week the G7, after pressure from Trump, agreed to release 100 mln barrels of crude and diesel from emergency reserves and pledged to avoid export curbs. Oil and energy industry sources say it remains unclear how many barrels Europe

Two EU diplomats said the IEA governing board will hold an informal meeting on Wednesday at 13:00 local time (19:00 Beijing) to discuss a proposal to release oil and diesel stocks. EU member-state representatives met Wednesday morning to review the same proposal. Last week the G7, after pressure from Trump, agreed to release 100 mln barrels of crude and diesel from emergency reserves and pledged to avoid export curbs. Oil and energy industry sources say it remains unclear how many barrels Europe and the US will actually release to relieve supply shortages and record-high prices.