G7 agrees coordinated release of diesel reserves to cap prices, as EU task force meets under US pressure

G7 is moving to a coordinated release of diesel reserves to hold down prices, per desk reports, after the EU's diesel task force held an emergency meeting under intense US pressure. France proposed releasing strategic reserves; the European Commission said it was on heightened alert and that a coordinated release was on the table, with the EU weighing 50m barrels.

Detected & updated continuously · Source: Nebula