EconomyG7 Fuel Release Eases Prices

Bloomberg Mideast energy correspondent Anthony Di Paola says the G7’s release of 100 million barrels from emergency reserves is already lowering fuel prices, but the relief is likely to be temporary. Refinery constraints and disruptions in the Middle East are keeping diesel supplies tight, while China’s oil demand and rising risks around the Strait of Hormuz and Red Sea will shape global energy markets.