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Euronews

Marta Pacheco

G7 agrees 100 million-barrel emergency oil release amid US pressure over diesel

G7 Oil United States Emmanuel Macron IEA

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 days, according to a G7 statement.

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One subscription that gives you access to news from hundreds of sites

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