G7 Agrees to Release Reserves
2m
G7 nations agreed to release 100 million barrels of oil and diesel reserves, and U.S. President Trump withdrew his threat to halt diesel exports, though analysts doubted lasting price relief.
Reposted by Scott A. Imberman
Please please please stop making a big deal out of the G7 reserves release. Yes, it’s 100 million barrels over 4 months.
We - the planet - use 100 million barrels of crude every…single…day.
Almost literally a drop in the bucket.
We - the planet - use 100 million barrels of crude every…single…day.
Almost literally a drop in the bucket.
October 3, 2026 at 1:03 PM
Please please please stop making a big deal out of the G7 reserves release. Yes, it’s 100 million barrels over 4 months.
We - the planet - use 100 million barrels of crude every…single…day.
Almost literally a drop in the bucket.
We - the planet - use 100 million barrels of crude every…single…day.
Almost literally a drop in the bucket.
by Prem Sikka
UK diesel price hits record high of £2 a litre.
Record profits for oil companies and tax take by govt.
Also tells story of deindustrialization: In the 1970s the UK had 18 oil refineries, now 4.
We are rightly moving to renewables but economy still left vulnerable. Any national planning?
Record profits for oil companies and tax take by govt.
Also tells story of deindustrialization: In the 1970s the UK had 18 oil refineries, now 4.
We are rightly moving to renewables but economy still left vulnerable. Any national planning?
UK diesel prices top £2 a litre for first time, RAC says
The rise in global oil prices has been pushing up the pump prices of petrol and diesel in the UK.
www.bbc.co.uk
October 3, 2026 at 10:02 AM
UK diesel price hits record high of £2 a litre.
Record profits for oil companies and tax take by govt.
Also tells story of deindustrialization: In the 1970s the UK had 18 oil refineries, now 4.
We are rightly moving to renewables but economy still left vulnerable. Any national planning?
Record profits for oil companies and tax take by govt.
Also tells story of deindustrialization: In the 1970s the UK had 18 oil refineries, now 4.
We are rightly moving to renewables but economy still left vulnerable. Any national planning?
Trump’s Threat to Ban Diesel Exports Sets Off Global Alarms www.nytimes.com/2026/10/01/b...
Trump’s Threat to Ban Diesel Exports Sets Off Global Alarms
A reduction in refineries has already driven the price of diesel to record highs, threatening economies. An U.S. export ban would be “tremendous shock and blow.”
www.nytimes.com
October 3, 2026 at 11:17 AM
Trump’s Threat to Ban Diesel Exports Sets Off Global Alarms www.nytimes.com/2026/10/01/b...
Reposted by François Heisbourg
⛽️ Quelque 325 millions de barils de réserves stratégiques de pétrole et de produits pétroliers ont été libérés à ce jour, sur les 400 millions promis par le G7 en mars, a annoncé l'Agence internationale de l'énergie.
October 3, 2026 at 11:42 AM
⛽️ Quelque 325 millions de barils de réserves stratégiques de pétrole et de produits pétroliers ont été libérés à ce jour, sur les 400 millions promis par le G7 en mars, a annoncé l'Agence internationale de l'énergie.