G7 to release 100m barrels of oil over 4 months, France's Macron announces

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Following a meeting of the G7, French President Emannuel Macron says the group will work together to reduce the prices of petroleum products — particularly diesel — and has agreed to release 100 million barrels within four months, in coordination with partners and the International Energy Agency.

In a post on X, Macron writes that the G7 has also agreed to make production more flexible to produce at the maximum capacity of its refineries, alongside taking no measures to restrict the exchange of energy and petroleum products between partner nations.

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