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Commission Assurance: Sufficient Oil and Natural Gas Reserves Held

Published March 9, 2026, 12:08
Commission Assurance: Sufficient Oil and Natural Gas Reserves Held

The European Commission assured that EU member states hold sufficient oil and natural gas reserves despite disruptions to supply chains due to the war in the Middle East. Commission spokesperson Anna-Kaisa Itkonen stated that concerns are more focused on high energy prices than on supply security. All EU countries have emergency oil reserves sufficient for 90 days and are required to inform the Commission if they are used, which has not happened so far. In addition, G7 countries will discuss the possible release of strategic oil reserves in an online meeting.