During the meeting, EU member states reiterated that they currently do not see any threat to oil supply security in the bloc. On Wednesday, the International Energy Agency agreed to release 400 million barrels of oil from strategic reserves. The European Commission said on Friday that the European Union has asked the International Energy Agency to assess the medium-term impact of releasing 400 million barrels of oil from strategic reserves on supply security. This request from the EU came after a meeting of its Oil Coordination Group on Thursday, which is an advisory body that helps member states coordinate measures related to oil supplies. Another meeting is scheduled for March 19.
