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G7 to release 100 million barrels of oil reserves through IEA
- The co-ordinated release includes frontloaded diesel supplies to stabilise global energy markets
- Lower crude and diesel prices could ease costs for Indian refiners and fuel retailers
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Topic
Diesel▲ +28% net tone today
- G7 plans to release 100 mn barrels of diesel and other reserves through the IEA
- Macron plans a G7 leaders’ call as the US pressures allies to release diesel stocks
- The UK average diesel pump price hit £2 per litre for the first time
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23 Oct
G7 agrees to release 100 million barrels of oil and diesel from emergency reserves
- G7 countries agreed to release 100 million barrels of diesel and crude oil
- The release will come from emergency reserves
- More oil supply could ease fuel costs for Indian refiners and oil marketing companies
Trump plays with a critical lifeline that keeps global economy going
- A potential US diesel export ban could remove about 1.2 million barrels a day from global supply
- Tighter fuel markets could raise costs for Indian refiners and transport companies
Trump weighs diesel export ban; Macron rallies G7 leaders over surging energy prices — inside transatlantic energy clash
- Macron plans a G7 leaders’ call on surging fuel prices as the US pressures allies to release diesel stocks
- Oil price swings affect Indian oil marketing companies and fuel consumers
Nobody is allowed to cap fuel sales: Petroleum Secretary
- Petroleum Secretary says nobody is allowed to cap fuel sales
- The response follows reports of Jio-bp and Nayara Energy capping diesel sales
- Fuel retailers including Jio-bp and Nayara Energy face pressure to maintain diesel supply
