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IEA-reserve-release

G7 to release 100 million barrels of oil and diesel
G7 to release 100 million barrels of oil and diesel
The G7 agreed to release 100 million barrels of oil and diesel to ease skyrocketing price pressures across global energy markets. The group, comprising the US, UK, Canada, Japan, Germany, Italy, and France, along with representation from the EU, confirmed that the move includes a “substantial release” of diesel in the coming days. This action follows a threat from US President Donald Trump to ban US diesel exports - a step aimed at reducing fuel costs for US consumers before November’...
World•03 October 2026