G7 nations to release 100 million barrels of oil and diesel fuel to curb high prices
G7 nations to release 100 million barrels of oil and diesel fuel to curb high prices. The Group of Seven wealthy democracies said Friday 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 United States. President Donald Trump said the diesel release would happen “immediately,” echoing a G7 promise to start “immediately” with a “frontloaded substantial release” of diesel within the next 20 days and the rest over four months. Trump and his Republican Party face.
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