G7 Opens the Emergency Oil Tap

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G7 leaders have agreed to release 100 million barrels of oil products through the IEA over four months as energy-market volatility intensifies. The plan includes a substantial diesel release within the first 20 days, alongside coordinated refinery maintenance and higher utilisation rates where possible. The G7 also warned against export restrictions that could further tighten global energy markets.

Source

https://www.gov.uk/government/news/g7-leaders-statement-on-global-energy-security-and-market-stability

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