✉news WorldWorld first seen 1 d ago, last 22 h ago, peak #15
G7 to release 100 million barrels of oil and diesel
Original: G7 to release 100 million barrels of oil and diesel, will it curb prices?
The G7 has announced plans to release 100 million barrels of oil and diesel in an effort to bring down energy prices. The move is being debated as markets question whether a coordinated release of this scale will be enough to curb high fuel costs, with analysts weighing the impact on supply, demand and consumer prices worldwide.
Why now: High fuel prices are squeezing consumers and the G7's intervention is a major new attempt to ease them
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