Twelve EU countries will release 42.6 million barrels of oil, including half in diesel

Updated 2026-10-31 · told from many outlets at once

G7 countries agreed to release up to 100 million barrels of oil. EU nations will release 42.6 million barrels of oil from reserves in coming months. France will release ten million barrels of diesel starting next week. The European Commissioner for Energy said efforts are underway to stabilize diesel markets.

The G7 countries decided to release up to 100 million barrels of oil and crude oil.
EU countries will release approximately 42.6 million barrels of oil from strategic reserves in the coming months.
The European Commissioner for Energy stated they are doing everything to stabilize diesel markets.

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