EU to release 42.6M barrels from strategic reserves, half diesel, per G7 pledge

EU member states will release 42.6 million barrels of oil from strategic reserves over coming months, with about half being diesel, fulfilling a G7 commitment. This coordinated supply injection aims to temper oil prices and address diesel supply tightness. The move signals continued G7 coordination on energy security, but its market impact depends on timing and global demand.

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