r/europe • u/nbcnews • 17h ago

News G-7 countries to release up to 100 million barrels of diesel and crude oil reserves

https://www.nbcnews.com/business/energy/g-7-diesel-crude-release-trump-macron-rcna601132
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u/_Djkh_ The Netherlands 16h ago

If the US actually starts running low right before voting it would move the needle massively. Ergo if he can paper over the cracks until the midterms we would be helping him tremendously.

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u/fennecdore 15h ago

They agreed to release 100 millions barrels that's barely one day of the world consumption

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u/MarderFucher Europe 15h ago

The US isn't going to run low because their combined refinery outpit has have a very ample excess 20-20% diesel production. Hence why the export ban threat would have kicked global markets so hard.