LIVE
The coordinated release will begin immediately and include a substantial diesel release within 20 days
Key context
G7 countries agreed to release 100 million barrels of strategic petroleum reserves over four months as UK diesel prices exceeded £2 a litre.
- Section
- Energy
- Format
- LIVE
- Published
- Oct 2, 2026, 12:02 PM
G7 countries have agreed to release 100 million barrels of strategic petroleum reserves over four months to stabilise energy supplies and address soaring diesel prices. The group also agreed to refrain from energy export restrictions between G7 countries.