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The co-ordinated release is aimed at heading off further price spikes and avoiding a ban on US diesel exports.
After increased pressure from Washington, the G7 held an emergency meeting on energy. The world's wealthiest nations say they will release 100 million barrels of oil and diesel fuel in their reserves.
Eleanor Beardsley
Leaders agree a coordinated drawdown after surge in prices and Donald Trump’s threat to cut off US suppliesLeaders of G7 nations are to release up to 100m barrels of their emergency diesel and crude oil stockpiles after Donald Trump threatened to cut off supplies of US diesel.The French President, Emmanuel Macron, said ministers from some of world’s largest economies had agreed to release stocks from their strategic oil reserves after crisis talks on Friday. Continue reading...
Joanna Partridge, Jillian Ambrose and Mark SweneyOilG7
This blog is now closed, you can read more on this story hereBack to France, midday figures quoted by Le Figaro show that 564 schools and educational establishments have been disrupted by the ongoing unrest, and some 600 people have been arrested so far today as the high school protests continue.Europe environment correspondent Continue reading...
Jakub Krupa (now) and Taz Ali (earlier)World newsEurope
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