US EditionDriving more efficiently could help save fuel as prices spike
- On Wednesday, Lars Aagaard, Denmark's minister for climate, energy and utilities, urged citizens to cut energy use and ditch cars, saying this can help household wallets and stretch reserves.
- Following threats to shipping through the Strait of Hormuz, oil prices jumped over 8% to more than $100 per barrel on Thursday, while the International Energy Agency agreed to release 400 million barrels.
- Market data show West Texas Intermediate rose 4.6% to $91 per barrel while Brent traded nearly 5% higher at $96, and a photo captured gasoline prices at a Uno-X gas station in Copenhagen, Denmark, on March 9, 2026.
- Emergency releases from reserves aim to steady markets as the International Energy Agency agreed to release 400 million barrels and the U.S. announced 172 million barrels from its Strategic Petroleum Reserve, with shipments starting next week and lasting roughly 120 days.
- Across countries, officials urged energy savings as Vietnam's Ministry for Industry and Trade pushed remote work, the Philippine government adopted a four-day workweek, and the AA called to cut 'non-essential journeys'.
18 Articles
18 Articles
Jyllands-Posten
TV2 ØSTDenmark is releasing 124,600 barrels of oil from emergency storage at the request of the International Energy Agency (IEA), according to Minister of Climate, Energy and Utilities Lars Aagaard (M). Due to the situation...
The supply situation in Denmark and the rest of Europe is currently stable despite the situation in the Middle East.
The Ministry of Climate in Denmark has advised citizens to reduce energy consumption and avoid the use of machines. This, in the context where oil prices continue to grow on the basis of the conflict in the Middle East. Denmark's article, in an energy alert! Officials are urging citizens to leave their cars home because of the rising price of oil to appear for the first time in Romania TV.
The Ministry of Energy has urged citizens to reduce energy consumption and avoid the use of machines, in the context of which oil prices continue to grow strongly on the basis of the conflict in the Middle East, the CNBC transmits.
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