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Energy security: G7 plans to release 100 million barrels of reserves to address surging oil prices

03:20 Min

The Group of Seven industrialised nations have agreed to release 100 million barrels of oil in the coming weeks to help stabilise global energy prices. The move comes after US President Donald Trump threatened to restrict diesel exports to Europe unless they release more of their reserves. William Denselow reports from Brussels. 

The Group of Seven industrialised nations have agreed to release 100 million barrels of oil in the coming weeks to help stabilise global energy prices. The move comes after US President Donald Trump threatened to restrict diesel exports to Europe unless they release more of their reserves. William Denselow reports from Brussels. 

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