EU May Use Oil From Reserves After Iran Ban, Oettinger Says
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Some European Union countries may tap their strategic oil reserves after an EU embargo cuts Iranian exports from July, the bloc’s Energy Commissioner Guenther Oettinger said.
“We have enough storage capacities,” Oettinger said in an interview today at the World Economic Forum in Davos, Switzerland. “It is feasible,” he said, referring to the release of stockpiles.