G7 agrees 100 million-barrel oil release, frontloads diesel supplies
( October 2, 2026, 15:03 GMT | Official Statement) -- MLex Summary: A coordinated release of 100 million barrels of oil reserves will begin immediately and run over four months, G7 leaders agreed Friday, according to a press statement. The release will include substantial diesel volumes within the first 20 days. Countries also agreed to coordinate refinery maintenance, increase refinery utilization where possible and refrain from energy export restrictions. The International Energy Agency is expected to deliver a follow-up report within 20 days.Press release follows....
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