EU oil group flags high diesel and jet fuel prices as supply holds steady
The EU Oil Coordination Group says supply is stable but diesel and jet fuel prices remain high, with emergency stocks at high levels and refineries near capacity.
The story in focus
The EU Oil Coordination Group met on 29 September 2026 and reported that EU oil supply remains stable while diesel and jet fuel prices stay high amid global market tightness. It noted stocks below the five-year average at the ARA hub, near-maximum refinery runs, and high emergency stocks.
- EU oil supply is stable for now, with diesel and jet fuel prices high due to global market tightness.
- Commercial stocks at the Amsterdam-Rotterdam-Antwerp hub are below their five-year average but stable in recent weeks.
- Eurostat figures show emergency stocks remain at a high level and available in case of market disruption.
Prices and supply
The Oil Coordination Group met on 29 September 2026 to review the oil market. The Commission said EU supply remains stable for the time being, but diesel and jet fuel prices are high, reflecting tightness in the global market. The group linked that tightness to commercial stock figures for the Amsterdam-Rotterdam-Antwerp hub, which sit below their five-year average though they have looked stable in recent weeks. European refineries are running at near maximum capacity and responding well to market signals, according to the Commission.
Monitoring and member state measures
With further disruptions possible, the Commission said it will keep monitoring closely with Member States. Latest Eurostat figures show emergency stocks remain high and available for a market disruption. Several Member States described measures to ease the price burden, particularly for vulnerable consumers. The group's next meeting in a format including industry is scheduled for 15 October 2026, and the Commission said it is ready to convene an earlier additional meeting if needed.
What did the group say about emergency oil stocks?
Citing the latest Eurostat figures, it said emergency stocks remain at a high level and are available in case of market disruption.
Sources & further reading
- Oil Coordination Group: Continued concern about prices while supply remains stable ↗energy.ec.europa.eu
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