G7 to release up to 100m barrels of emergency oil and diesel reserves
OMEGAZEPRIME News
This story was selected and curated by our editorial team in the Business category. Published on October 2, 2026 • Originally reported by Joanna Partridge, Jillian Ambrose and Mark Sweney. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
This story was selected and curated by our editorial team in the Business category. Published on October 2, 2026 • Originally reported by Joanna Partridge, Jillian Ambrose and Mark Sweney. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
Leaders agree a coordinated drawdown within four months as rising prices put pressure on households and economies
Leaders of G7 nations are to release up to 100m barrels of their emergency diesel and crude oil stockpiles after coming under pressure from Donald Trump to ease surging fuel prices.
The drawdown of reserves from some of the world’s largest economies will be coordinated by the International Energy Agency (IEA) and will take place within four months, according to France’s president, Emmanuel Macron.
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