G7 to release 100 million barrels of oil and diesel after Trump export ban threat
- 3 days agoArchie MitchellandLucy Hooker,Business reportersPA MediaThe G7 has announced 100 million barrels of oil and diesel will be released to ease supply concerns that have caused prices to skyrocket.
- It includes a "substantial release" of diesel within 20 days, with discussions around "additional diesel releases as necessary", G7 leaders said in a statement.
- The group of advanced economies, including the US, said the move would begin immediately and would last for four months.
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- 3 days agoArchie MitchellandLucy Hooker,Business reportersPA MediaThe G7 has announced 100 million barrels of oil and diesel will be released to ease supply concerns that have caused prices to skyrocket.
- It includes a "substantial release" of diesel within 20 days, with discussions around "additional diesel releases as necessary", G7 leaders said in a statement.
- The group of advanced economies, including the US, said the move would begin immediately and would last for four months.
Sources: BBC News