Policy
G7 Agrees to Release Up to 100 Million Barrels of Diesel and Crude, With Most of the Diesel Inside 20 Days
The IEA-coordinated release, announced from the Elysee on Friday, came with a pledge by members not to impose energy export bans on one another.
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By Marcus Elrod
Oct 5, 2026 · 2 min read
Group of Seven governments agreed on Friday to release up to 100 million barrels of diesel and other petroleum products from strategic reserves, coordinated through the International Energy Agency. The decision was announced in a statement from the office of French President Emmanuel Macron.
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Marcus Elrod
Marcus tracks positioning, flows and rates. He writes CI's weekly market internals column.
Marcus Elrod writes for Corporate Insider Inc.