The Latest Breaking News from G7

Oil slips as Middle East crude exports rise, G7 to release stocks

Oil prices have seen a decline as increased crude exports from the Middle East and stock releases from G7 nations boost supply levels. Brent crude futures fell by 0.34% to $101.90 a barrel, while US West Texas Intermediate dropped by 0.68%. The G7's release of 100 million barrels is alleviating…

The Economic Times · Oct 5

IEA says 325 million barrels of emergency oil released, with 75 million still to come

G7 leaders agreed on Friday to release 100 million barrels of diesel and crude after US pressure on Europe, with supplies squeezed by Iran's restrictions on shipping through the Strait of Hormuz.

Euronews · Oct 3

Trump says US will not be doing diesel export ban: ‘We were never going to do it’

Donald Trump has said the US will not ban diesel exports after the UK and other leading G7 nations bowed to White House pressure and agreed to release 100 million barrels of fuel and oil from emergency stocks.

The Independent UK · Oct 3

Crude Oil Prices Pressured as G7 Nations Release Strategic Reserves

November WTI crude oil (CLX26 ) closed down -1.76 (-1.90%) on Friday, and November RBOB gasoline (RBX26 ) closed down -0.0902 (-2.65%). Crude oil and gasoline prices settled sharply lower on Friday after the G7 announced it will release up to 100 million bbl of crude oil and diesel supplies...

Barchart · Oct 2

G7 nations agree to release 100 million barrels of oil, including diesel, a boost for Trump

G7 nations have agreed to release 100 million barrels of oil over four months to ease soaring fuel prices, with a substantial amount of diesel to be released within the first 20 days. The International Energy Agency will coordinate the releases.

The Economic Times · Oct 2

G7 Agrees to Release 100 Million Barrels as U.S. Diesel Hits $6.39 Per Gallon — But the Real Crisis Is in the Bankruptcy Courts

Spiking diesel prices are pressuring farmers and truckers ahead of midterms. Did the White House just score a win with the G7?

Barchart · Oct 2

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

Leaders agree a coordinated drawdown after surge in prices and Donald Trump’s threat to cut off US supplies

The Guardian - UK · Oct 2

Crude Oil Prices Tumble as G7 Nations Release Crude and Diesel Reserves

November WTI crude oil (CLX26 ) is down -2.49 (-2.68%) today, and November RBOB gasoline (RBX26 ) is down -0.1257 (-3.69%). Crude oil and gasoline prices are sharply lower today after the G7 announced it will release up to 100 million bbl of crude oil and diesel supplies from its...

Barchart · Oct 2

Stocks Climb as Weak US Economic News Eases Fed Rate Hike Concerns

The S&P 500 Index ($SPX ) (SPY ) is up by +0.90% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up by +0.54%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.23%. December E-mini S&P futures (ESZ26 ) are up +0.85%, and December E-mini...

Barchart · Oct 2

G7 countries to release diesel reserves as prices surge – what we know

IN FULL

The Independent UK · Oct 2