EU officials: Ready to use strategic oil reserves

Golden Ten Data reported on March 10 that on March 9 local time, the Eurogroup meeting was held in Brussels, Belgium. At the subsequent press conference, Eurogroup President Pierakakis stated that they are closely monitoring the market's reaction to developments in the Middle East, saying, "We are seeing upward pressure on energy prices." He noted that the day's meeting discussed the types of measures member states are considering, as well as the need to maintain coordinated action while closely following the local situation. In addition, the structural issues of European energy were also reviewed. Dombrovskis, the European Commissioner for Economic Affairs, said at the press conference that it is still too early to talk about specific policy measures to be taken in response to the Middle East situation. He also stated that they are prepared to take necessary measures, including the use of strategic oil reserves.