G7 to release 100 million barrels of emergency oil and diesel stocks amid shortage
The Group of Seven has agreed to release 100 million barrels of oil and diesel from emergency stockpiles over four months in response to tightening fuel supply. The move is aimed at easing diesel shortages that are pushing up transport costs and putting pressure on household budgets. Diesel is used widely in freight, farming and other parts of the economy, so shortages can quickly spread beyond fuel markets.The confirmed release was reported on 8 October 2026 and is intended to help stabilise supply as market conditions worsen. The amount involved is equivalent to about one day of global oil demand,... [Continue Reading]
360LiveNews | 08 Oct 2026 13:32 LONDON
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