Experts from the European Commission, EU countries, the International Energy Agency and the Energy Community met in the Oil Coordination Group to take stock of recent developments in fuel markets, the Commission said. In view of continued global geopolitical uncertainty affecting oil markets, the group confirmed that diesel and jet supplies remain tight, while there is currently no physical shortage of these products in Europe, and the Commission said it will keep monitoring the situation very closely with EU countries and the IEA in light of the risk of further disruptions.
The Commission also updated the group on the launch of a strategic dialogue with EU refineries, following the European Council meeting of October 15 and 16, to be chaired by Commissioners Dan Jørgensen and Andrius Kubilius, and the IEA briefed the meeting on the Governing Board outcome of October 15 on the timely release of the volumes remaining under the March 2026 collective action.