{
  "id": 11487170,
  "title": "G7 agreed to release 100 million barrels of oil and diesel reserves",
  "url": "https://urgent.news/2026/10/02/g7-agreed-to-release-100-million-barrels-of-oil-and-diesel-reserves",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-02T17:20:32.000Z",
  "source": {
    "name": "Quartz",
    "slug": "quartz",
    "url": "https://qz.com/g7-oil-diesel-reserve-release-100-million-barrels-100226"
  },
  "original_language": "en",
  "account": null,
  "summary": "G7 member countries have agreed to release 100 million barrels of diesel and other reserves to help stabilise markets. The release, coordinated through the International Energy Agency (IEA), begins immediately and will run over four months.\n\nA substantial diesel release will be front-loaded within the first 20 days, according to French President Emmanuel Macron, who is the current chair of the G7. The move aims to help bring down the prices of petroleum products, particularly diesel.\n\nFollowing the announcement, oil prices softened, with Brent crude trading 1.48 per cent lower at $100.8 per barrel and West Texas Intermediate trading 2.66 per cent lower at $90.40 per barrel, as per The National Business.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Guardian Business",
        "title": "G7 to release up to 100m barrels of emergency oil and diesel reserves",
        "url": "https://urgent.news/2026/10/02/g7-to-release-up-to-100m-barrels-of-emergency-oil-and-diesel-reserves",
        "published": "2026-10-02T15:57:13.000Z"
      },
      {
        "outlet": "The National Business",
        "title": "G7 members agree to release 100 million barrels of diesel and other reserves",
        "url": "https://urgent.news/2026/10/02/g7-members-agree-to-release-100-million-barrels-of-diesel-and-other",
        "published": "2026-10-02T16:52:01.000Z"
      },
      {
        "outlet": "BBC Business",
        "title": "G7 to release 100 million barrels of oil and diesel after Trump export ban threat",
        "url": "https://urgent.news/2026/10/02/g7-to-release-100-million-barrels-of-oil-and-diesel-after-trump",
        "published": "2026-10-02T17:29:56.000Z"
      }
    ]
  },
  "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."
}