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G7 Moves to Release 100 Million Barrels to Counter Diesel Crisis

Started 02 Oct, 15:23 2 events Updated 1h ago
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latest: 1h ago
  1. Economic02 Oct, 15:23

    G7 Moves to Release 100 Million Barrels to Counter Diesel Crisis

    France

    The G7 and its partners have agreed to release as much as 100 million barrels of emergency diesel and crude stocks over the next four months, putting government inventories into a fuel market that has been running short of refinery output for months. French President Emmanuel Macron said Friday that the release would be coordinated through the International Energy Agency, with an emphasis on diesel. European countries had discussed releasing 50 million barrels of diesel while IEA members would supply another 50 million barrels of crude. President…

    OilPrice.com – Latest Energy News
  2. Economic02 Oct, 15:57

    G7 to release up to 100m barrels of emergency oil and diesel reserves

    France

    Leaders agree a coordinated drawdown within four months as rising prices put pressure on households and economies Leaders of G7 nations are to release up to 100m barrels of their emergency diesel and crude oil stockpiles after coming under pressure from Donald Trump to ease surging fuel prices. The drawdown of reserves from some of the world’s largest economies will be coordinated by the International Energy Agency (IEA) and will take place within four months, according to France’s president, Emmanuel Macron. Continue reading...

    The Guardian – Business

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