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Policy▲ Bullish for Indian equities
G7 to release 100 mn barrels of diesel, other reserves through IEA
The brief
- G7 plans to release 100 mn barrels of diesel and other reserves through the IEA
- The co-ordinated release includes frontloaded diesel supply to stabilise global energy markets
- Lower fuel-price pressure could benefit Indian airlines, transport firms and fuel retailers
- Trump weighs diesel export ban; Macron rallies G7 leaders over surging energy prices — inside transatlantic energy clash
- Who would be exposed if U.S. bans diesel exports? Goldman weighs in
- UK average diesel pump price hits £2 per litre for first time
- Russia will consider partial lifting of diesel export ban in case of overproduction, Novak says
- Europe diesel prices drop as bloc weighs fuel reserve release - report
Diesel export risks and strategic reserve releases
Trump considered a US diesel export ban and threatened one unless Europe released reserves; the proposal could remove about 1.2 million barrels a day from global supply. The G7 agreed to release 100 million barrels of oil and other reserves through the IEA, including frontloaded diesel supply.
Friday, 2 October
- G7 to release 100 mn barrels of diesel, other reserves through IEA