22 Hrs
Source:
وكالة الأنباء القطرية
G7 to release 100M barrels to stabilize markets
The leaders of the G7 agreed to implement a plan to release up to 100 million barrels of diesel and crude oil from strategic reserves over the next four months, aimed at calming energy markets and lowering fuel prices. The plan includes supplying large quantities of diesel through the International Energy Agency, with the possibility of releasing additional amounts depending on market conditions. This move comes amid concerns about disruptions in global fuel markets due to tensions in the Middle East and declining diesel supplies, which have led to rising prices and inflation in some major economies. The step is part of the group's efforts to maintain supply and price stability and ensure energy flow amid current challenges.
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