“Europe has agreed to immediately begin releasing a massive amount of their stocked diesel oil”
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European and G7 leaders confirmed an agreement to immediately begin releasing up to 100 million barrels of reserves, front-loading a substantial release of diesel.
According to reporting by CBS News, G7 leaders—including European members and the European Union—issued a joint statement confirming a coordinated release of 100 million barrels of fuel to begin immediately. CBS News and CNBC reported that this plan includes a front-loaded, substantial release of diesel stocks within the first 20 days. Additionally, NBC News confirmed that G7 countries agreed to release tens of millions of barrels of diesel fuel and crude oil over four months following a videoconference hosted by French President Emmanuel Macron.
Sources
- G7 countries to release up to 100 million barrels of diesel and crude oil reserves — NBC News
- Trump says Europe has agreed to release "massive amount" of diesel oil from stockpiles - CBS News — CBS News
- G7 nations to release diesel stocks as wars in Europe and Middle East constrain fuel supplies — cnbc.com