{
  "id": 11474034,
  "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",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-02T15:58:55.000Z",
  "source": {
    "name": "The Age",
    "slug": "the-age",
    "url": "https://www.theage.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. This decision includes a \"front-loaded substantial diesel release\". The move aims to combat soaring fuel prices, which have recently hit record highs in the United States.\n\nAccording to The Hill, the release of fuel from stockpiles will occur over a period of four months. French President Emmanuel Macron, who is the chair of the G7, had a conversation with US President Donald Trump about the need to address rising fuel prices and the availability of petroleum products.\n\nThe national average for a gallon of diesel in the US was $6.37 on Friday, according to AAA, after hitting a record $6.52 on September 22, Gulf News reported. The G7's decision comes as the US faces pressure to address surging prices ahead of the midterm elections.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "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 Sydney Morning Herald",
        "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",
        "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"
      },
      {
        "outlet": "Fast Company",
        "title": "G7 nations to release 100 million barrels of oil and diesel fuel to curb high prices",
        "url": "https://urgent.news/2026/10/02/g7-nations-to-release-100-million-barrels-of-oil-and-diesel-fuel-to",
        "published": "2026-10-02T18:30:00.000Z"
      }
    ]
  },
  "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."
}