EconomyEnergy security: G7 plans to release 100 million barrels from reserves as oil prices surge

Name: Energy security: G7 plans to release 100 million barrels from reserves as oil prices surge
Uploaded: 2026-10-03T12:38:11.000Z
Description: The G7’s industrialised nations have agreed to release 100 million barrels of oil from reserves in the coming weeks in an effort to stabilise global energy prices. The decision follows US President Donald Trump’s threat to restrict diesel exports to Europe unless it releases more of its reserves.

The G7’s industrialised nations have agreed to release 100 million barrels of oil from reserves in the coming weeks in an effort to stabilise global energy prices. The decision follows US President Donald Trump’s threat to restrict diesel exports to Europe unless it releases more of its reserves.

CNA 2026-10-03 12:38