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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
Crude oil▼ −30% net tone today
- Trump said the US-South Korea deal includes $8.4 billion for oil recovery
- US stock futures rose as oil eased ahead of the jobs report
- Oil prices dipped as traders weighed US-Iran tensions against supply recovery
Stories per day
2027 Sept
13628 Sept
10629 Sept
8930 Sept
841 Oct
582 Oct
53 Oct
Nasdaq hits record as weak US jobs data cools rate-hike bets
- Nasdaq Composite hit a record high after disappointing US jobs data
- Lower Treasury yields and oil prices accompanied the rise; Nike shares fell on its forecast
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
Europe agrees to release diesel stockpiles, sending oil prices down more than 4%
- European leaders agreed to release some diesel stockpiles on Friday
- Oil prices fell by more than 4%
- Lower oil prices can ease input costs for Indian fuel retailers, refiners and transport companies
In Graphics: How the cost of Iran war piled up
- India paid more for crude oil despite importing less as prices rose
- Higher import costs can pressure Indian oil marketing companies
Trump says South Korea deal includes an $8.4 billion oil project
- The project will fund enhanced oil recovery
- It adds to a broader US-South Korea investment package
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UN warns fuel subsidies could exceed $1 trillion as Iran war raises energy costs
- UNDP said subsidies could top $1 trillion in 2026
- Governments have used price caps, subsidies and tax rebates as oil prices climbed
- Higher crude costs pressure Indian fuel retailers and government finances
China fuel export suspension to choke supplies in Asia
- China's oil-product export restrictions have affected importers in Southeast Asia and Australia
- Singapore has seen a significant drop in supplies
- Tighter regional fuel supply could lift costs for Indian oil refiners and fuel consumers
Asian shares fall amid bond and FX swings ahead of US jobs data
- Asian stock markets dipped amid turbulence in bond and currency markets
- Elevated oil prices were driven by military strains in the region
- Higher crude prices pressure Indian oil importers and fuel retailers
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
US wants European allies to do this 'immediately' to lower diesel prices
- The US urged European allies to release strategic diesel reserves immediately
- Global fuel prices are surging amid supply disruptions linked to the Iran war
- Higher global fuel prices can pressure Indian oil marketing companies