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G7’s 100 Million Barrel Release Is Mostly Already Priced In

Started 06 Oct, 22:00 1 events Updated 15h ago
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  1. Economic06 Oct, 22:00

    G7’s 100 Million Barrel Release Is Mostly Already Priced In

    Following pressure from U.S. President Donald Trump, G7 leaders announced on Friday a coordinated release of 100 million barrels of emergency oil stocks through the IEA, to begin immediately and be completed over four months. Previously, Trump threatened to ban U.S. diesel exports in a bid to lower record-high domestic fuel prices ahead of the November 2026 midterm elections, with diesel prices recently surging to all-time highs amid tight supplies. However, Trump later ruled out the export ban hours after the European leaders agreed to the release.…

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