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G7 countries will release 100 million barrels of oil, diesel
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The G7 group of nations will undertake a co-ordinated release of 100 million barrels of diesel and other reserves through the International Energy Agency to try and stabilise world energy markets, according to a joint G7 leaders' statement. 'We will implement our commitments with a coordinated release through the IEA of 100 million barrels to begin immediately over 4 months, including a frontloaded substantial diesel release within the first 20 days by G7 members and partners,' said the statemen
0:14
The G7 group of nations will undertake a co-ordinated release of 100 million barrels of diesel and other reserves through the International Energy Agency to try and stabilise world energy markets, according to a joint G7 leaders' statement. 'We will implement our commitments with a coordinated release through the IEA of 100 million barrels to begin immediately over 4 months, including a frontloaded substantial diesel release within the first 20 days by G7 members and partners,' said the statemen
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Sky correspondent Dan Whitehead finds out how skyrocketing diesel costs are affecting British industry. #Diesel #Fuel #Economy #UK
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G7 nations to release 100 million barrels of oil and diesel fuel
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The G7 nations said that they plan to release 100 million barrels of oil and fuel products in the coming weeks, starting with “substantial” amounts of diesel after the fuel recently hit record high prices in the U.S.
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President Trump reiterated Tuesday that Iran will not have a nuclear weapon and that oil prices will be “tumbling down.” “I think in the years to come, they'll be writing books and they'll be writing the history of our country, and they'll say that's one of the most important things that we did,” Trump said of the U.S. military campaign in Iran. Diesel hit a record $6.53 a gallon on Sept. 22, and has only eased slightly since then, slipping to $6.45 a gallon on Monday, according to AAA data. #tr
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