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The Group of Seven economies will coordinate a phased release of 100 million barrels of diesel and refined fuels via the International Energy Agency to stabilize soaring global markets, leaders announced on Friday.
G7 leaders agreed to release 100 million barrels of emergency oil and diesel stocks through the International Energy Agency, beginning immediately over four months with a frontloaded diesel portion in the first 20 days to support global energy market stability.
IEA chief Fatih Birol said there are still plenty of stocks if the G7