Spiegel Wirtschaft3 hours agoEnergy1 min readGermany

G7 states decide to release oil reserves

Up to 100 million barrels of diesel and crude oil are expected to relieve pressure on energy markets

Quick Look

The G7 countries have announced the release of up to 100 million barrels of diesel and crude oil from their reserves.
The aim of the measure is to relieve pressure on the energy markets in the next four months, as French President Emmanuel Macron announced.

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Why It Matters

The G7 countries are reacting to the current energy crisis with this measure. The aim is to stabilize the markets through increased supply.

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The G7 countries have agreed to release up to 100 million barrels of diesel and crude oil from their reserves.

This is intended to relieve pressure on the energy markets. The release should take place in the next four months, said French President Emmanuel Macron.

He had previously discussed measures against the energy crisis in a video conference with G7 representatives.

What to Watch

AI outlook — possibilities, not facts

Release 100 million barrels of oil within the next four months.
Very likely · Within months

Open Questions

How are the shares of the release distributed among the individual G7 countries?