G7 Nations to Release 100 Million Barrels from Oil and Diesel Reserves
The G7 countries have agreed to release up to 100 million barrels of emergency oil and diesel reserves in response to soaring energy prices caused by global shortages and conflict.
Read the full story → · Latest coverage 2 Oct 2026, 3:08 pm UTC
Key moments · 4
G7 leaders discuss coordinated response to rising fuel prices
Le Monde ↗G7 agrees to release up to 100 million barrels of reserves
Bloomberg ↗European diesel prices drop after G7 announcement
Telegraaf ↗Reserve releases to take place over four months
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