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

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The Guardian

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

Leaders agree a coordinated drawdown within four months as rising prices put pressure on households and economies Leaders of G7 nations are to release up to 100m barrels of their emergency diesel and crude oil stockpiles after coming under pressure from Donald Trump to ease surging fuel prices. The drawdown of reserves from some of the world’s largest economies will be coordinated by the International Energy Agency (…