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G7 Approves 100 Million-Barrel Oil and Diesel Release

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Story summary
  • The International Energy Agency will hold an informal meeting in Brussels to discuss an oil and diesel release.
  • President Donald Trump warned Europe of a diesel export ban, prompting the G7 to approve a 100 million-barrel release.
  • Polish Energy Minister Milosz Motyka said Poland will release oil and diesel stocks if consensus is reached.
  • The IEA board will decide release details at its October 14-15 meeting.