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The Guardian - UK

Business

Joanna Partridge, Jillian Ambrose and Mark Sweney

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

G7 Emmanuel Macron Oil Donald Trump United States RAC IEA

Emmanuel Macron (right) speaks his economics minister Roland Lescure — Emmanuel Macron said ministers had agreed to release stocks from their strategic oil reserves after crisis talks. Photograph: Jeanne Accorsini/Sipa/Shutterstock

Leaders of G7 nations are to release up to 100m barrels of their emergency diesel and crude oil stockpiles after Donald Trump threatened to cut off supplies of US diesel.

The French President, Emmanuel Macron, said ministers from some of world’s largest economies had agreed to release stocks from their strategic oil reserves after crisis talks on Friday.

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