{
  "id": 11474014,
  "title": "G7 to release 100 million barrels of oil to combat soaring fuel prices",
  "url": "https://urgent.news/2026/10/02/g7-to-release-100-million-barrels-of-oil-to-combat-soaring-fuel-prices",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-02T15:58:55.000Z",
  "source": {
    "name": "The Sydney Morning Herald",
    "slug": "the-sydney-morning-herald",
    "url": "https://www.smh.com.au/world/europe/g7-to-release-100-million-barrels-of-oil-to-combat-soaring-fuel-prices-20261003-p612if.html?ref=rss"
  },
  "original_language": "en",
  "account": null,
  "summary": "The G7 leaders have agreed to release 100 million barrels of oil from their strategic reserves to combat soaring fuel prices. This decision includes a \"front-loaded substantial diesel release\". The move comes after US President Donald Trump spoke with French President Emmanuel Macron, who is the chair of the G7.\n\nAccording to The Hill, the release of fuel from stockpiles will occur within 4 months. The national average for a gallon of diesel in the US was $6.37 on Friday, according to AAA.\n\nThe G7's decision aims to bring down prices, which have skyrocketed in recent weeks. President Trump announced the action on social media, saying Europe had agreed to release a \"massive amount\" of diesel oil, with the process to begin immediately.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Gulf News",
        "title": "G7 to release 100 million barrels of oil as fuel prices soar",
        "url": "https://urgent.news/2026/10/02/g7-to-release-100-million-barrels-of-oil-as-fuel-prices-soar",
        "published": "2026-10-02T15:10:49.000Z"
      },
      {
        "outlet": "The Age",
        "title": "G7 to release 100 million barrels of oil to combat soaring fuel prices",
        "url": "https://urgent.news/2026/10/02/g7-to-release-100-million-barrels-of-oil-to-combat-soaring-fuel-prices-11474034",
        "published": "2026-10-02T15:58:55.000Z"
      },
      {
        "outlet": "Winnipeg Free Press",
        "title": "G7 to release 100 million barrels of oil in attempt to tame soaring fuel prices",
        "url": "https://urgent.news/2026/10/02/g7-to-release-100-million-barrels-of-oil-in-attempt-to-tame-soaring",
        "published": "2026-10-02T18:09:30.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}