EconomyG7 to release 100 million barrels of oil and diesel from strategic reserves
G7 leaders said member states will coordinate with the International Energy Agency to release 100 million barrels of oil and petroleum products from strategic reserves over four months. “Substantial” diesel volumes are planned in the first 20 days, alongside coordinated refinery maintenance and no restrictions on energy trade. Fuel prices have risen amid the U.S.-Israeli war with Iran and the Russia-Ukraine war; Washington pressed France and Germany to use emergency diesel stocks.
MMeduza★★★★☆2026-10-02 18:24Original
G7 to release 100 million barrels of oil and diesel from strategic reserves