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The Economic Times
The Economic Times
National

Trump says Europe to unlock ‘massive amount of Diesel’; G7 agrees 100 million-barrel oil release amid global crunch

European Union Donald Trump Europe United States Oil

US President Donald Trump on Friday said Europe had agreed to release a “massive amount” of its diesel stocks, hours before G7 nations agreed to a coordinated release of 100 million barrels of oil through the International Energy Agency, including a substantial frontloaded release of diesel within the first 20 days.

“Europe has just agreed to release a massive amount of their heavily stocked Diesel Oil. The process will begin immediately,” Trump said in a post on Truth Social.

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