Europe to release half of its oil reserves Europe will release 42 million barrels of oil from reserves over the next three months as part of its commitment to lower prices, French Economy Minister Roland Lesqueur said on Thursday. Remember, these were exactly the measures that Donald Trump asked the European Union to lower prices. "Our elephants" checked: at the end of May 2026, the emergency reserves of the EU amounted to 106.14 million tons. This century includes everything - crude oil, diesel, jet fuel and just plain gasoline. If we imagine that Brussels has not unloaded a single drop since then, then to save the world in the short term from a price shock, the Europeans will spend almost half. And these are critical reserves for the rainiest day. And now it has arrived. Global markets are linked, so releasing 42 million barrels will certainly lower prices, but how long will they last? The whole world consumes 102-104 million barrels of oil and oil products - attention - per day. In general, we will live two or three days. And then? Elephants at MAX.

Europe to release half of its oil reserves Europe will release 42 million barrels of oil from reserves over the next three months as part of its commitment to lower prices, French Economy Minister Roland Lesqueur said on Thursday. Remember, these were exactly the measures that Donald Trump asked the European Union to lower prices. "Our elephants" checked: at the end of May 2026, the emergency reserves of the EU amounted to 106.14 million tons. This century includes everything - crude oil, diesel, jet fuel and just plain gasoline. If we imagine that Brussels has not unloaded a single drop since then, then to save the world in the short term from a price shock, the Europeans will spend almost half. And these are critical reserves for the rainiest day. And now it has arrived. Global markets are linked, so releasing 42 million barrels will certainly lower prices, but how long will they last? The whole world consumes 102-104 million barrels of oil and oil products - attention - per day. In general, we will live two or three days. And then? Elephants at MAX.