Lux releases 8 000 tons of reserve oil
In response to rising tensions in the Middle East, Luxembourg has decided to circulate a portion of its oil stocks, releasing more than 8 000 tonnes of petroleum. This action is part of an international initiative by the International Energy Agency (IEA), which has made it possible to mobilize up to 400 million barrels of strategic reserves to counteract soaring oil prices. Despite this significant measure, the government reassured the public that no supply issues have currently been observed within the country. This decision aims to foster solidarity among IEA member states while ensuring the Grand Duchy’s energy security. Labour […]
