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EU/Cimeira: Von Der Leyen Announces Joint Purchases to Lower Energy Price ☆ Economic Journal

Summary by Sapo
In statements at the press conference at the end of the European Council, which took place on Thursday and today in Brussels, Ursula von der Leyen mentioned, among the agreed measures, the release of 100 million barrels of oil and diesel over the next four months, which will be managed by the International Energy Agency.

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Lean Right

Combined short-term, nuclear and renewable energy purchases in the medium term, and the release of 100 million barrels of oil and diesel only some of the measures taken by von der Leyen.

·Lisboa, Portugal
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Lean Right

In statements at the press conference at the end of the European Council, which took place on Thursday and today in Brussels, Ursula von der Leyen mentioned, among the agreed measures, the release of 100 million barrels of oil and diesel over the next four months, which will be managed by the International Energy Agency.

·Lisboa, Portugal
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Lean Left

EC PRESIDENT Ursula von der Leyen called for a change in energy consumption in the EU. Due to dependence on imported fossil fuels, the Union paid an additional 106 billion. euros without additional energy.

·Zagreb, Croatia
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Right

The President of the Commission and the President of the European Council gave their views on all current issues at a joint press conference after the Summit in Brussels.

·Marousi, Greece
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The European Union is preparing a package of interventions to reduce the pressure exerted by high energy prices on the population and industry, including the release of 100 million barrels of oil and diesel in the next four months. The announcement was made on Friday, in Brussels, by the President of the European Commission, Ursula von der Leyen, after the meeting [...] Article Von der Leyen announces interventions in the energy market: 100 mill…

The energy crisis divided Europe at the summit that ended yesterday in Brussels. Ursula von der Leyen stressed that "there is no magic solution but we need a set of actions". The Commission presented five immediate interventions to the energy crisis, while European leaders seek an agreement on the new multiannual budget by the end of 2026 despite North-South disagreements.

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bloomberght.com broke the news on Friday, October 16, 2026.
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