ReportedShipping, energy & marketsG7 and IEA member countries
G7 partners agree up to 100 million-barrel emergency stock release
- Mountain Time
- Local time
- 3:23 PM UTC
- Where
- G7 and IEA member countries
G7 countries and partners agreed to release up to 100 million barrels of emergency diesel and crude stocks over four months, with the release coordinated through the International Energy Agency, OilPrice.com reported. French President Emmanuel Macron said the plan would emphasize diesel.
Why it matters
The agreement turns earlier reserve-release discussions into a planned supply injection and could ease the diesel shortage affecting European consumers and industry.
Source
- OilPrice.comoilprice.comPublished
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