BUSINESS_ G7 Nations to Release 100 Million Barrels of Diesel, Crude ( Andrew Moran - THE EPOCH TIMES )

THE EPOCH TIMES

G7 Nations to Release 100 Million Barrels of Diesel, Crude

The emergency release will be coordinated by the International Energy Agency.

Storage tanks at the PCK petroleum refinery in Schwedt, Germany, on May 11, 2026. Sean Gallup/Getty Images 

Andrew Moran 
10/2/2026|Updated: 10/2/2026 

Group of Seven (G7) nations will release up to 100 million barrels of diesel and crude oil from their strategic reserves over the next four months.

French President Emmanuel Macron, head of the G7 leaders’ meeting on Oct. 2, confirmed that the supply injection will be coordinated by the International Energy Agency (IEA).

“Facing unprecedented volatility in oil markets—with surging prices threatening economic stability and the well-being of our citizens—we have agreed on decisive, coordinated measures to stabilize immediate energy supplies, shield households and businesses from price shocks, and strengthen the long-term resilience of global energy systems,” the G7 said in a joint statement on Oct. 2.

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READ MORE: https://www.theepochtimes.com/business/g7-nations-to-release-100-million-barrels-of-diesel-crude-6098765?ea_src=frontpage&ea_med=section-1

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