NewzMajor economies will release fuel, including diesel, from their stockpiles as prices have skyrocketed in recent weeks. The Group of Seven (G7), which includes Canada, France, Germany, Italy, Japan, the U.K. and the U.S., said in a statement Friday that it would “begin immediately” releasing 100 million barrels of fuel over the next four months....
A joint statement from G7 world leaders confirmed there will be a "coordinated release" of 100 million barrels, to begin "immediately." Group of Seven countries agreed on Friday on the release 100 million barrels of diesel and crude oil from emergency reserves in a move cheered by US President Donald Trump as he seeks help to cool off surging fuel prices linked to the Iran war. The conflict sparked the biggest emergency stocks release in history in March coordinated by the International Energy Agency.
“Taking into account commitments that have already been fulfilled, we will implement our commitments with a coordinated release... Trump says Europe agrees to immediate diesel release European countries will begin releasing large quantities of diesel immediately, US President Donald Trump says. He announced the move on Truth Social, writing: “Europe has just agreed to release a massive amount of their heavily stocked Diesel Oil.
The process will begin immediately. Thank you for your attention to this matter!”
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