G7 Moves to Release Oil and Diesel Reserves

PARIS, October 3, 2026 (STL.News) The Group of Seven nations has agreed to coordinate the release of up to 100 million barrels of crude oil and refined petroleum products, including a front-loaded release of diesel, as governments attempt to contain an energy-price shock tied to continuing disruptions in the Middle East. The agreement, announced after a virtual meeting of G7 leaders Friday, calls for the release to begin immediately and run over four months, coordinated with the International Energy Agency. A substantial portion of the diesel component is expected to be released during the first 20 days. The

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