Von der Leyen says EU working with IEA on oil stock releases
The commission chief also called for faster electrification powered by renewables and nuclear power, with work to continue at the COP31 climate conference in Antalya.
The European Union on Thursday coordinated with the International Energy Agency on oil stock releases agreed by the G7 to ease energy prices, Turkey's state-run news agency Anadolu Agency reported.
European Commission President Ursula von der Leyen said on X on Thursday that energy prices remain a leading concern for citizens and businesses across the bloc.
She said she coordinated the joint measures with IEA Executive Director Fatih Birol after the Group of Seven nations reached their agreement on the stock releases.
Von der Leyen also said the commission held strategic dialogue with refineries last week to help boost production at what she called a critical moment.
She stressed that the EU's long-term energy future rests on electrification, powered by homegrown clean energy from both renewables and nuclear power.
She added that the bloc will work with partners to accelerate electrification at the upcoming COP31 climate conference in Antalya, a resort city in Turkey.
The International Energy Agency is a Paris-based body that was set up in 1974 to coordinate responses among its member countries when oil supplies are disrupted.
The G7 is an informal grouping of major advanced economies that meets to coordinate on economic and security issues, and its members include the United States, Germany, Japan and Canada.
