MYSTERIOUS: G7 - What They Never Told You

Oil Price Today (October 6): Crude oil below $101 as supply concerns ease but Houthi attack keeps traders on edge

Brent crude futures gained 20 cents to $100.54 a barrel, while US West Texas Intermediate crude futures rose 12 cents, or 0.13%, to $89.50 a barrel. Oil was little changed after Monday’s decline as traders continued to assess a modest reduction in supply-side concerns.

The Economic Times · 10h ago

Oil prices slip as traders weigh strong Mideast exports against Gulf tensions

Oil prices slipped as a result of heightened crude exports from the Middle East, alongside a stockpile release by the G7. Brent crude futures decreased to $100.28 a barrel, while US West Texas Intermediate dropped to $89.33. The recent Houthi attacks on Saudi Arabia have raised concerns about potential regional…

The Economic Times · 10h ago

Tax-exempt diesel expanded for wider access as Donald Trump signs special executive order in Nebraska. How will it benefit Americans?

Diesel price in USA: G7 countries ​announced last week ​that they ⁠would release 100 million barrels of diesel, after pressure from US President Donald Trump who had considered banning ​US exports of the fuel.

The Economic Times · 11h ago

Global Market: OPEC+ keeps November oil output steady as Brent tops $100

Seven major OPEC+ producers agreed to keep November crude output unchanged as the Iran conflict disrupted supplies and pushed Brent above $100 a barrel. Meanwhile, G7 nations plan to release 100 million barrels of oil and refined products, including diesel, to ease energy-market pressures and cushion consumers from soaring fuel…

The Economic Times · Oct 5

Merz and Mathernová send a message to Moscow from Kyiv

Good morning, Brussels. It’s Monday, and I am Angela Skujins. On today’s agenda: Friedrich Merz in Kyiv, Charles Michel on "our commo future", and the Brazilian ballot. Let’s dive in.

Euronews · Oct 5

Oil slips as Middle East crude exports rise, G7 to release stocks

Oil prices have seen a decline as increased crude exports from the Middle East and stock releases from G7 nations boost supply levels. Brent crude futures fell by 0.34% to $101.90 a barrel, while US West Texas Intermediate dropped by 0.68%. The G7's release of 100 million barrels is alleviating…

The Economic Times · Oct 5

IEA says 325 million barrels of emergency oil released, with 75 million still to come

G7 leaders agreed on Friday to release 100 million barrels of diesel and crude after US pressure on Europe, with supplies squeezed by Iran's restrictions on shipping through the Strait of Hormuz.

Euronews · Oct 3

Trump says US will not be doing diesel export ban: ‘We were never going to do it’

Donald Trump has said the US will not ban diesel exports after the UK and other leading G7 nations bowed to White House pressure and agreed to release 100 million barrels of fuel and oil from emergency stocks.

The Independent UK · Oct 3

Trump rules out US diesel export ban

Donald Trump said the US will not impose a diesel export ban after European countries agreed to release more fuel into the market to ease supply pressures. The move comes alongside a coordinated G7 release of 100 million barrels of crude and fuel products, including a large initial tranche of…

The Economic Times · Oct 3

G7 fuel release won't really help us, minister says

Energy Minister Chris Bowen has welcomed a Group of Seven nations' decision to release additional fuel reserves but says Australia won't really benefit.

AAP · Oct 3