G7 to release 100M barrels of fuel amid high prices

descriptions off, selected

captions settings, opens captions settings dialog

captions off, selected

This is a modal window.

Beginning of dialog window. Escape will cancel and close the window.

End of dialog window.

National Headlines-October 2 2026

National Headlines-October 2 2026

Major economies will release fuel, including diesel, from their stockpiles as prices have skyrocketed in recent weeks. 

The Group of Seven (G7), which includes Canada, France, Germany, Italy, Japan, the U.K. and the U.S., said in a statement Friday that it would “begin immediately” releasing 100 million barrels of fuel over the next four months.

This is expected to include a “frontloaded substantial diesel release within the first 20 days by G7 members and partners” the group said. 

In addition, the countries said they will “coordinate maintenance schedules” of their refineries that process oil into fuels including gasoline and diesel, to “prevent simultaneous capacity shutdowns........

© The Hill