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Evening Standard
Evening Standard
Will Meakin-Durrant

G7 leaders agree to release ‘up to 100 million barrels’ of petroleum reserves

G7 Emmanuel Macron Petroleum
A Thames Water employee filling his lorry with diesel in London at 207.9p per litre on Friday (Yui Mok/PA) - (PA Wire)

G7 countries have agreed to release 100 million barrels of strategic petroleum reserves over four months.

Members of the group, which includes the UK, France and the US, have also agreed to “refrain from” measures which restrict them from the trading of oil products with each other.

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