G7 Nations Agree to Release 100 Million Barrels of Oil and Diesel

France. To control the global energy supply crisis and rising fuel prices, G7 nations have agreed to bring 100 million barrels of crude oil and diesel to the market from their strategic reserves over four months.

The decision was announced after a video conference chaired by French President Emmanuel Macron on Friday. Leaders of the G7 nations discussed the recent instability in the energy market, rising fuel prices, and potential supply shortages.