G7 countries plan to release 100 million barrels of oil reserves to combat rising fuel prices

Today, the G7 announced a plan to release 100 million barrels of diesel and crude oil reserves. This decision aims to combat rising fuel prices that have reached record highs globally. The coordinated release will occur over the next four months, with a significant portion available within 20 days, in collaboration with the International Energy Agency.

G7 countries plan to release 100 million barrels of oil reserves to combat rising fuel prices
Published Oct 2, 2026
Mestios Reporter

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