G7 Agrees to Release Oil Reserves Amid Global Shortage

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By Sophia Thomas • Updated Oct 2, 2026 at 19:20

G7 nations agree to release 100 million barrels of oil, including diesel, amid energy crunch - CBC — G7 Agrees to Release Oil Reserves Amid Global Shortage

G7 leaders have agreed to release up to 100 million barrels of crude oil and diesel to address the global energy crisis. The decision, announced on the second of October, was made during emergency talks involving the International Energy Agency. The move aims to stabilize fuel prices and stabilize fuel prices.

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