EU experts discuss oil supply

Published March 14, 2003

BRUSSELS, March 13: European Union national energy experts meeting on Thursday discussed what actions they might take in the event of an oil supply drop due to a Middle East conflict, the European Commission said in a statement.

The Commission statement gave no details of what action could be taken, but confirmed that the experts discussed the possibility of action at the International Energy Agency, the body that can coordinate the release of countries’ strategic oil stocks.

“The (energy supply experts) group’s meeting, organized by the Commission, was the occasion for an evaluation of the oil market situation and possible changes in the very short term,” the EU executive said.

“In this context, measures that member states might have to take (notably within the framework of the International Energy Agency) in the case of a sudden worsening of the situation were discussed.”—Reuters

Opinion

Editorial

Border clashes
19 May, 2024

Border clashes

THE Pakistan-Afghanistan frontier has witnessed another series of flare-ups, this time in the Kurram tribal district...
Penalising the dutiful
19 May, 2024

Penalising the dutiful

DOES the government feel no remorse in burdening honest citizens with the cost of its own ineptitude? With the ...
Students in Kyrgyzstan
Updated 19 May, 2024

Students in Kyrgyzstan

The govt ought to take a direct approach comprising convincing communication with the students and Kyrgyz authorities.
Ominous demands
Updated 18 May, 2024

Ominous demands

The federal government needs to boost its revenues to reduce future borrowing and pay back its existing debt.
Property leaks
18 May, 2024

Property leaks

THE leaked Dubai property data reported on by media organisations around the world earlier this week seems to have...
Heat warnings
18 May, 2024

Heat warnings

STARTING next week, the country must brace for brutal heatwaves. The NDMA warns of severe conditions with...