Friday, 2 October 2026

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

Leaders agree a coordinated drawdown within four months as rising prices put pressure on households and economiesLeaders 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…

Leaders agree a coordinated drawdown within four months as rising prices put pressure on households and economiesLeaders 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…

Read the full story on Business | The Guardian

Source: Business | The Guardian

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