G7 countries to release 100 million barrels of diesel and oil to curb fuel prices | ABC NEWS

G7 countries have agreed to release 100 million barrels of diesel and crude oil from emergency reserves in a bid to ease global energy supply concerns. Leaders have also pledged to refrain from energy export restrictions, but energy minister Chris Bowen is tempering expectations about what the deal could mean for prices in Australia. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-10-03/g7-to-release-100m-barrels-oil-in-bid-to-curb-soaring-prices/107224282 Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia