G7 to Release 100 Million Barrels From Emergency Stocks

G7 to Release 100 Million Barrels From Emergency Stocks

G7 leaders agreed Oct. 2 to release up to 100 million barrels — 50 million diesel and 50 million crude oil — through the International Energy Agency, which coordinates emergency stockpiles. The deal came after Donald Trump threatened to block U.S. diesel exports unless Europe used its reserves. Members promised no export bans, with ministers to consider more releases.

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