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Business & Finance

G7 to Release Up to 100 Millions of Barrels of Diesel and Oil

Bloomberg Markets Friday 02 October 2026, 14:04 UTC By Benoit Berthelot 1 min read

Key Points

The Group of Seven nations are to release as much as 100 million barrels of emergency oil and diesel stocks after pressure from the Trump administration to quell rising fuel prices.

G7 (ORG) Release Up to 100 Millions (ORG) Diesel (ORG) Oil The Group (ORG) Trump (ORG)

Originally published by Bloomberg Markets Read original →

The G7, led by France, announced the release of 100 million barrels of diesel and crude oil after Trump threatened a ban of diesel exports. G7 countries have agreed to release up to 100 million barrels of oil from strategic reserves over four months in a coordinated effort to bring down soaring energy prices, with a particular focus on diesel. The release will be coordinated by the International Energy Agency (IEA), with a substantial amount of diesel to be made available within the first 20...

Euronews 3m ago

G7 to Release Up to 100 Millions of Barrels of Diesel and Oil

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