If hostilities are not over by the end of this month, the losses may well reach the amount that the International Energy Agency said it would release to fill the supply gap, namely 400 million barrels. Calls have started for fuel rationing in the European Union, and the EU’s energy commissioner just admitted to the Financial Times earlier today that rations are being considered as an option to manage demand for energy in a context of shortages. Bloomberg’s Javier Blas said in a recent column that the introduction of measures to destroy demand on purpose was the fourth step in the response to lost supply from industry and politicians after releasing fuel from stockpiles, rerouting whatever supply can be rerouted, and, as step three, more releases from stockpiles.
Author: Irina Slav
Published at: 2026-04-05 21:00:00
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