G7 Agrees to Release 100 Million Barrels of Emergency Oil and Diesel

G7 Agrees to Release 100 Million Barrels of Emergency Oil and Diesel

G7 leaders agreed 2 October to release up to 100 million barrels — 50 million diesel and 50 million crude — via the International Energy Agency. The plan followed Donald Trump's threat to halt U.S. diesel exports unless Europe tapped stocks. Members pledged no export bans, with ministers to weigh further releases.

Published

Read at another depth