G7 to Release 100 Million Barrels of Oil and Diesel to Stabilize Global Energy Markets

 G7 to Release 100 Million Barrels of Oil and Diesel

BRUSSELS — October 3, 2026 — G7 nations have agreed to release 100 million barrels of oil and diesel from emergency reserves through the International Energy Agency (IEA) to help stabilize global energy markets.

The release will begin immediately and continue over four months, with a significant amount of diesel entering the market within the first 20 days.

The move comes as global fuel markets face heightened pressure from supply disruptions and rising energy prices.