Explainer: Why G7 agrees to release fuel reserves, how helpful will it be?

NAMPA / Xinhua

2026-10-03

BRUSSELS, Oct. 3 (Xinhua) -- Group of Seven (G7) leaders agreed Friday to release 100 million barrels of diesel and crude oil from emergency reserves in an action coordinated through the International Energy Agency (IEA), as surging fuel prices, disrupted refined-product supplies and threatened U.S. export restrictions added pressure on global energy markets. Under the agreement, the 100 million barrels will be released over four months, sta......

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