Trump wants cheaper fuel — G7 is releasing 100 million barrels
WASHINGTON, Oct 3 — The Group of Seven industrial nations said Friday that they plan to release 100 million barrel...
The Group of Seven industrial nations, led by France, have announced plans to release 100 million barrels of oil and fuel products over the next four months, in an effort to combat soaring fuel prices, according to the Associated Press (AP). The release, which will begin with a "substantial" amount of diesel within the first 20 days, aims to bring down diesel prices that have hit record highs in the United States.
President Donald Trump expressed his intention to release diesel "immediately" on social media, as his approval ratings on the economy have hit a new low. The national average for a gallon of diesel in the US is currently $6.37, after reaching a record high of $6.52 on September 22. The International Energy Agency (IEA) will coordinate the release of the 100 million barrels of fuel products.
The G7 statement emphasized that they reaffirm their commitment to not imposing export restrictions on energy and energy products between G7 countries.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
