The Catch.A permanent record of checked claims
SeriesFuel reservesOctober 2, 2026

Fuel reserves · October 2, 2026 · updated October 8, 2026

The G7's 100 million barrels of emergency oil were already promised in March

In March, governments pledged 400 million barrels to ease the oil shock of the war with Iran, and about 100 million of them have not been released.

The storyJust the factsShow the work

What happened

The G7's leaders agreed on October 2 to release 100 million barrels of oil from emergency stocks over four months, including a large diesel release in the first 20 days, to ease fuel prices that have climbed since the war with Iran began.14312557

  • The G7's leaders agreed on October 2 to release 100 million barrels of oil from emergency stocks over four months, including a large diesel release in the first 20 days, to ease fuel prices that have climbed since the war with Iran began.14312557

The barrels are not new. They are what is left of the 400 million barrels governments pledged in March and have not finished releasing.5126

  • The barrels are not new. They are what is left of the 400 million barrels governments pledged in March and have not finished releasing.5126

Which countries supply them, and how much will be diesel, is expected to be settled when the board of the International Energy Agency, which coordinates the emergency stocks of 32 countries, meets October 14 and 15.67567

  • Which countries supply them, and how much will be diesel, is expected to be settled when the board of the International Energy Agency, which coordinates the emergency stocks of 32 countries, meets October 14 and 15.67567

How it came to this

The dates
DateEvent
February 28The United States and Israel attack Iran.75
March 11The International Energy Agency's 32 members pledge to release 400 million barrels.5
JuneThe United States offers to lend its last 40 million barrels; companies agree to borrow about 500,000.57
September 18Macron says he will convene the G7 on oil stocks.29
September 21U.S. diesel hits a record $6.53 a gallon.25
September 22Trump: "let's not send out the diesel."52
October 1Bessent asks Europe to deliver its March barrels faster and to add more.7
October 2The G7 agrees to release 100 million barrels. Trump posts that Europe "has just agreed," then rules out a ban on diesel exports.1943
October 5The White House says Trump got Europe to release 100 million barrels of diesel.16
October 7The agency says about 100 million March barrels are still to come. Germany says no barrels beyond March for now; EU officials wait on the agency's assessment.266970
October 14–15The agency's board is expected to settle who supplies the barrels.67

Fuel made at refineries is where the market is tightest. The agency's head says crude exports from the Middle East have recovered while the flow of refined products remains "severely constrained." In August the Gulf's net diesel exports were about a quarter of their prewar level, and Ukrainian attacks on Russian refineries had nearly halted Russia's fuel exports. Energy Secretary Chris Wright says U.S. refiners are already "running at record highs."14131447

  • Fuel made at refineries is where the market is tightest. The agency's head says crude exports from the Middle East have recovered while the flow of refined products remains "severely constrained." In August the Gulf's net diesel exports were about a quarter of their prewar level, and Ukrainian attacks on Russian refineries had nearly halted Russia's fuel exports. Energy Secretary Chris Wright says U.S. refiners are already "running at record highs."14131447

U.S. diesel went from $3.81 a gallon the week before the war to a record $6.53, and was $6.20 on October 5. EU officials say diesel prices in Europe have doubled since late February.2562

  • U.S. diesel went from $3.81 a gallon the week before the war to a record $6.53, and was $6.20 on October 5. EU officials say diesel prices in Europe have doubled since late February.2562
U.S. diesel at the pumpAverage weekly retail price, dollars a gallon, January 5, 2026 to October 5, 2026
$3$4$5$6$7JanFebMarAprMayJunJulAugSepOctWar with IranRecord $6.53G7 release

October 5, 2026: $6.20 a gallon. Inspect the source data

U.S. Energy Information Administration weekly survey of retail prices, as published October 6, 2026. The record of $6.53 is the highest weekly price in the series.

Read the values and marked dates
Marked dateEvent
February 28, 2026War with Iran
September 21, 2026Record $6.53
October 2, 2026G7 release
Week ofDollars a gallon
January 5, 20263.477
January 12, 20263.459
January 19, 20263.530
January 26, 20263.624
February 2, 20263.681
February 9, 20263.688
February 16, 20263.711
February 23, 20263.809
March 2, 20263.897
March 9, 20264.859
March 16, 20265.071
March 23, 20265.375
March 30, 20265.401
April 6, 20265.643
April 13, 20265.608
April 20, 20265.403
April 27, 20265.351
May 4, 20265.640
May 11, 20265.639
May 18, 20265.596
May 25, 20265.523
June 1, 20265.350
June 8, 20265.210
June 15, 20265.059
June 22, 20264.832
June 29, 20264.668
July 6, 20264.578
July 13, 20264.796
July 20, 20265.134
July 27, 20265.313
August 3, 20265.348
August 10, 20265.257
August 17, 20265.454
August 24, 20265.652
August 31, 20265.599
September 7, 20265.967
September 14, 20266.285
September 21, 20266.529
September 28, 20266.382
October 5, 20266.199

Of the 400 million barrels pledged in March, the U.S. share, 172 million, is all crude. Europe's contributions are mostly refined products, and France and Germany hold some of Europe's largest stocks of them.311269

  • Of the 400 million barrels pledged in March, the U.S. share, 172 million, is all crude. Europe's contributions are mostly refined products, and France and Germany hold some of Europe's largest stocks of them.311269

Washington asked Europe for two things: deliver the March barrels faster, and add more. Treasury Secretary Scott Bessent said Europe should "accelerate delivery on their existing commitments and make additional supplies immediately available." Wright said Europe would announce "new diesel supplies" that would "meaningfully push diesel prices down."747

  • Washington asked Europe for two things: deliver the March barrels faster, and add more. Treasury Secretary Scott Bessent said Europe should "accelerate delivery on their existing commitments and make additional supplies immediately available." Wright said Europe would announce "new diesel supplies" that would "meaningfully push diesel prices down."747

On the first, it got a commitment: the agency's member governments backed finishing the March release as soon as possible, diesel first where they can.26 On the second, it has nothing yet. Germany says "no additional quantities" as of now, EU officials are holding off "pending a clearer IEA assessment," and France has floated 2 million barrels of diesel without a firm offer.697069

  • On the first, it got a commitment: the agency's member governments backed finishing the March release as soon as possible, diesel first where they can.26
  • On the second, it has nothing yet. Germany says "no additional quantities" as of now, EU officials are holding off "pending a clearer IEA assessment," and France has floated 2 million barrels of diesel without a firm offer.697069

The pressure came with talk of a ban on U.S. diesel exports, which supplied about half of the European Union's diesel imports in August. Trump said, "let's not send out the diesel," and three people close to the talks said France and Germany were told to release diesel or face a possible ban. Macron said Trump made no threat on the leaders' call, and Trump then ruled out a ban.5352485343

  • The pressure came with talk of a ban on U.S. diesel exports, which supplied about half of the European Union's diesel imports in August. Trump said, "let's not send out the diesel," and three people close to the talks said France and Germany were told to release diesel or face a possible ban. Macron said Trump made no threat on the leaders' call, and Trump then ruled out a ban.5352485343

Who still owes barrels

The countries behind on their March pledges still owe about 100 million barrels. That is more than the 75 million the totals suggest, 325 million out of 400 million by October 2, because some countries released more than they promised, and their extra does not make up for the others' shortfall.1326

  • The countries behind on their March pledges still owe about 100 million barrels. That is more than the 75 million the totals suggest, 325 million out of 400 million by October 2, because some countries released more than they promised, and their extra does not make up for the others' shortfall.1326

Governments offer emergency stocks to the market, and companies can take less than is offered. Germany has released less than a quarter of the oil it promised. It says companies took its first batch and the market sees no need for more, and it attributes the shortfall to weak demand for the barrels.69869 Paris has said privately that it has 8 million barrels left.69 The United States lends its barrels to oil companies, which return them later with extra barrels on top. It has awarded loan contracts for 133.5 million of its 172 million barrels. For the last 40 million, companies agreed to borrow only about 500,000, and it offered them again on September 29.5718192021236576 Wright says the United States and Japan are delivering while several European countries have released "only a fraction" of their pledges.6

  • Governments offer emergency stocks to the market, and companies can take less than is offered. Germany has released less than a quarter of the oil it promised. It says companies took its first batch and the market sees no need for more, and it attributes the shortfall to weak demand for the barrels.69869
  • Paris has said privately that it has 8 million barrels left.69
  • The United States lends its barrels to oil companies, which return them later with extra barrels on top. It has awarded loan contracts for 133.5 million of its 172 million barrels. For the last 40 million, companies agreed to borrow only about 500,000, and it offered them again on September 29.5718192021236576
  • Wright says the United States and Japan are delivering while several European countries have released "only a fraction" of their pledges.6
The March pledge and what is left of it
What is countedBarrels
Pledged by the agency's 32 members, March 11400 million
Released by October 2about 325 million
Still owed by the countries that fell short, October 7about 100 million
U.S. share of the pledge172 million
U.S. barrels awarded under exchange contracts, March to June133.5 million
U.S. barrels offered again, September 29up to 40 million

The agency's counts of October 2 and 7; the U.S. awards are summed from the Energy Department's five award notices, March 20 to June 22.13261819202123

The sides

Washington

Washington says Americans should not pay for a shortage Europe can ease. Bessent said American farmers, truckers and businesses "should not be left carrying the burden of a global diesel shortage," and Trump called Europe's diesel "heavily stocked."79

  • Washington says Americans should not pay for a shortage Europe can ease. Bessent said American farmers, truckers and businesses "should not be left carrying the burden of a global diesel shortage," and Trump called Europe's diesel "heavily stocked."79

Europe

Europe says further releases depend on what the market needs, and it pushed back on the ban talk: the European Commission said a U.S. ban "would undermine our trust in the United States as a reliable partner."87062

  • Europe says further releases depend on what the market needs, and it pushed back on the ban talk: the European Commission said a U.S. ban "would undermine our trust in the United States as a reliable partner."87062

Both sides back the same channel: the barrels go through the agency, and the G7 countries recommitted to not restricting energy exports to one another.1

  • Both sides back the same channel: the barrels go through the agency, and the G7 countries recommitted to not restricting energy exports to one another.1

What happens next

The White House says the release will bring diesel prices down. Prices still rose while the March barrels went out: about 325 million of them were out by October 2.161325

  • The White House says the release will bring diesel prices down. Prices still rose while the March barrels went out: about 325 million of them were out by October 2.161325

The reason, an analyst at Saxo Bank says, is that the stress is "no longer crude availability" but "refined product supply, constrained by reduced refinery capacity."54

  • The reason, an analyst at Saxo Bank says, is that the stress is "no longer crude availability" but "refined product supply, constrained by reduced refinery capacity."54

The head of the oil trader Vitol expects tenders67, calls for bids on the barrels, over the next two weeks, and says they "will tell us exactly how much oil and in which location it's going to come out."67

  • The head of the oil trader Vitol expects tenders67, calls for bids on the barrels, over the next two weeks, and says they "will tell us exactly how much oil and in which location it's going to come out."67

Sources

The records

Everything this page rests on, numbered where the story cites it. We keep a dated copy of each one.

Primary documents

  1. 1G7 Leaders' Statement on global energy security and market stability · UK Government, 2026-10-02 · The G7's October 2 statement: 100 million barrels over four months, a large diesel release in the first 20 days, carrying out the March commitments.
  2. 2G7 Leaders' Statement on global energy security and market stability · Presidency of the French Republic, 2026-10-02 · The French presidency's copy of the same statement.
  3. 3Visioconference des dirigeants du G7 sur la situation energetique mondiale · Presidency of the French Republic, 2026-10-02 · France's account of the call: refined products, including diesel, and crude.
  4. 4Communique de la Presidence du G7 · Presidency of the French Republic, 2026-03-11 · The G7 presidency's March 11 communiqué on the coordinated release.
  5. 5United States to Release 172 Million Barrels of Oil From the Strategic Petroleum Reserve · U.S. Department of Energy, 2026-03-11 · The Energy Department's March 11 announcement: 400 million barrels, 172 million of them from the U.S. reserve.
  6. 6Department of Energy Issues Request for Proposal for a Strategic Petroleum Reserve crude exchange · U.S. Department of Energy, 2026-09-29 · The U.S. offer of up to 40 million barrels, with Wright's charge that Europe released "only a fraction."
  7. 7Post on European energy commitments · U.S. Treasury Secretary Scott Bessent, 2026-10-01 · Bessent's two asks: faster delivery of existing commitments and additional supplies.
  8. 8Fragen und Antworten rund um die Energieversorgung · German Federal Government, 2026-10-01 · Germany's account: the market called up a first tranche and sees no need for more.
  9. 9Europe has just agreed to release a massive amount of their heavily stocked Diesel Oil · President Donald J. Trump, carried by Trump's Truth, 2026-10-02 · Trump's post that Europe had agreed to release "a massive amount" of diesel.
  10. 10H.R. 10422, Diesel Price Reduction Act of 2026 · U.S. Government Publishing Office, 2026-09-16 · A House bill to ban diesel exports while prices are high, held as background; referred to the House Foreign Affairs Committee.
  11. 11H.R. 10423, temporary prohibition on the export of diesel fuel · U.S. Government Publishing Office, 2026-09-16 · A House bill to ban diesel exports through 2026, held as background; referred to the House Foreign Affairs Committee.
  12. 12IEA confirms Member country contributions to collective action · International Energy Agency, 2026-03-19 · The agency's March 19 note: the release largely crude, Europe's share mostly refined products.
  13. 13Executive Director participates in G7 Leaders' meeting on energy security and markets · International Energy Agency, 2026-10-02 · how much of the March action the agency said had been released by the meeting
  14. 14Oil Market Report - September 2026 · International Energy Agency, September 2026 · August diesel exports from the Gulf and the combined shortfall with Russia
  15. 15IEA collective action, details of contributions, 11 March 2026 · International Energy Agency, 2026-03-19 · the workbook total for listed March contributions
  16. 16Fact Sheet: President Donald J. Trump Promotes Diesel Affordability · The White House, 2026-10-05 · The administration's October 5 claim that Europe will release 100 million barrels of refined diesel, and its description of the dyed-diesel order.
  17. 17Emergency Tax Relief on Diesel Fuel · The White House, 2026-10-05 · The October 5 order deferring the highway excise tax on dyed diesel through December 31, 2026, and lifting penalties on highway use of dyed diesel.
  18. 18Energy Department Begins Delivering SPR Barrels at Record Speeds · U.S. Department of Energy, 2026-03-20 · the awards that make up the U.S. share
  19. 19Energy Department Awards Contracts for 8.5 Million Barrels from SPR · U.S. Department of Energy, 2026-04-10 · the awards that make up the U.S. share
  20. 20Energy Department Awards New Contracts from Strategic Petroleum Reserve · U.S. Department of Energy, 2026-04-17 · the awards that make up the U.S. share
  21. 21Energy Department Awards Contracts from the Strategic Petroleum Reserve · U.S. Department of Energy, 2026-05-11 · the awards that make up the U.S. share
  22. 22DOE Delivers Historic RFP to Strengthen Global Oil Supply Stability · U.S. Department of Energy, 2026-06-10 · the awards that make up the U.S. share
  23. 23SPR award information, RFP DE-RP96-26PO00005 · U.S. Department of Energy, 2026-06-22 · the awards that make up the U.S. share
  24. 24Weekly U.S. Ending Stocks of Crude Oil in SPR · U.S. Energy Information Administration, released 2026-10-07 · what has actually left the U.S. reserve
  25. 25U.S. No 2 Diesel Retail Prices, weekly · U.S. Energy Information Administration, released 2026-10-06 · the diesel price after the decision
  26. 26Statement by IEA Executive Director on meeting of IEA Member governments on 7 October 2026 · International Energy Agency, 2026-10-07 · what the 100 million barrels are
  27. 27Oil markets strain to plug the gap left by Middle East supply shortfall · International Energy Agency, 2026-09-18 · why diesel is short
  28. 28Le Gouvernement met sur le marché 10 millions de barils de diesel · Ministère de l'Économie et des Finances, 2026-10-07 · what has moved since
  29. 29Situation internationale : réunion avec les chefs des partis · Présidence de la République, 2026-09-18 · why now
  30. 30U.S. Forces to Resume Naval Blockade Against Iran · U.S. Central Command, 2026-07-13 · background on the war's shipping
  31. 31IEA Collective Action: details of contributions (country table) · International Energy Agency, 2026-03-19 · whose barrels
  32. 32EU’s ban on diesel fuel from Russia shifts trade patterns · U.S. Energy Information Administration, 2023-03-07 · why diesel is short

Official data

  1. 33Weekly U.S. No. 2 Diesel Retail Prices · FRED, U.S. Energy Information Administration series GASDESW, 2026-10-03 · The weekly U.S. diesel price series as of October 3, superseded on the page by the EIA's October 6 release.
  2. 34Crude Oil Prices: Brent - Europe · FRED, U.S. Energy Information Administration series DCOILBRENTEU, 2026-10-03 · Brent crude prices, held as background; the story does not use them.
  3. 35Crude Oil Prices: West Texas Intermediate · FRED, U.S. Energy Information Administration series DCOILWTICO, 2026-10-03 · West Texas Intermediate crude prices, held as background; the story does not use them.
  4. 36Energy Union Task Force meets to ensure coordination on diesel supplies and prices in Europe · European Commission, 2026-10-02 · the Commission's account of EU diesel supply and prices that day
  5. 37Stocks of Distillate Fuel Oil · Energy Information Administration, saved 2026-10-03 · weekly U.S. distillate stocks through September 25
  6. 38Chris Wright on X · 2026-10-02 · how each government described the 100 million barrels

Coverage checked

  1. 39G7 releasing 100M barrels of oil and diesel fuel as prices soar · Associated Press, 2026-10-02 · Repeats the joint statement's figure of 100 million barrels of oil and diesel as prices rose.
  2. 40G7 members will release 100 million barrels of diesel after US threatens export ban · France 24, 2026-10-02 · Its headline says 100 million barrels of diesel; it carries the Commission's rejection of a diesel export ban.
  3. 41G-7 Agrees to Release 100 Million Barrels of Diesel and Crude · Wall Street Journal, 2026-10-02 · The Journal headline and lede that say the countries will release 100 million barrels of diesel and crude.
  4. 42Europe weighs new diesel stocks release after US pressure · Reuters, 2026-10-02 · A report from before the statement: a U.S. demand for 100 million barrels of diesel within 20 days, and a French proposal of 50 million barrels of diesel plus 50 million of crude.
  5. 43Trump: not going to be doing diesel export ban · Reuters, 2026-10-02 · The president's statement that he will not authorize a diesel export ban, hours after the agreement.
  6. 44Japan has no plans for new oil release from national reserves, official says · Reuters, 2026-10-05 · Chief Cabinet Secretary Minoru Kihara on October 5: Japan has been releasing oil from reserves and has no plans for a further release at this stage, and the March figure of about 80 million barrels.
  7. 45G7 to release 100m oil barrels as Trump hails Europe diesel deal · Al Jazeera, 2026-10-02 · Reports a release of up to 100 million barrels, the ceiling in the French readout.
  8. 46Von der Leyen welcomes G7 releasing diesel and oil stocks · RTÉ, 2026-10-02 · The Commission president welcoming no export bans on allies, and a same-day drop in U.S. oil prices.
  9. 47Trump: Diesel export ban could raise gas prices · CNBC, 2026-09-30 · The president on September 30, still thinking about a diesel export ban, and calling diesel supplies tight.
  10. 48US tells France, Germany to release diesel stocks or face US export ban, sources say · Reuters, 2026-10-01 · a reported request for 120 million barrels of diesel over six months, the day before the statement
  11. 49Miliband to stand in for Burnham at emergency G7 talks on world energy markets · The Independent, 2026-10-02 · who sat for the United Kingdom, and a UK pump-price record the article states
  12. 50‘Blackmail’: Europe fumes against White House demand for more diesel · Politico, 2026-10-02 · A diplomat's characterization of the demand as blackmail, in a Politico account of the pressure before the statement.
  13. 51Trump rules out diesel export ban after Europe agrees to tap stockpiles · Politico, 2026-10-02 · Politico's account of the president saying a diesel export ban was never really on the table.
  14. 52Election season politics reshape U.S. diesel strategy · RBC Capital Markets, 2026-10-01 · An RBC note that leading Senate Republicans had called for a diesel export ban, and a September 22 line from the president.
  15. 53G7 members agree to release 100 million barrels of diesel and other reserves · The National, 2026-10-02 · The National's account that President Macron said Mr Trump had not threatened a diesel embargo.
  16. 54Oil settles lower after Europe agrees to tap diesel reserves · Reuters, 2026-10-02 · Reuters's report of the October 2 Brent and WTI settlements.
  17. 55Russia extends diesel export ban for producers to Oct 31 · Interfax, 2026-09-30 · Interfax's account that Russia extended the producer diesel-export ban through October 31.
  18. 56Russia will consider partial lifting of diesel export ban in case of overproduction, Novak says · Reuters, 2026-10-02 · Reuters's account that Russia would consider a partial lifting of diesel export restrictions if output ran ahead.
  19. 57US to loan up to 40 million barrels of oil from SPR, last batch from global deal · Reuters, 2026-09-29 · Reuters's account of the reserve level, the routine-draw floor, and the thin response to an earlier offer.
  20. 58Post asking whether the October release includes March barrels that were not released. · Javier Blas, 2026-10-02 · Javier Blas's post that treating the October volume as a March remainder is a red herring.
  21. 59The price of US wholesale ultra-low sulphur diesel is back to the level of five weeks ago. · Javier Blas, 2026-10-02 · Javier Blas's note that US wholesale diesel was back to its level of five weeks earlier.
  22. 60Post on an industry letter against limits on diesel exports. · Javier Blas, 2026-09-23 · Javier Blas's post that industry groups had written the president against limits on diesel exports.
  23. 61Farmers call for diesel relief to offset record-high costs · Brownfield Ag News, 2026-10-02 · Brownfield's account of state dyed-diesel waivers and an Ohio fuel-tax suspension.
  24. 62EU welcomes G7 no-ban decision, says export curbs would damage trust-Xinhua · Xinhua, 2026-10-02 · Xinhua's account of the spokesperson's longer rejection and of the Commission president's affordable-energy line.
  25. 63Post claiming 100 million barrels of diesel were en route to the United States. · Eric Daugherty, 2026-10-02 · A post attributing to the agriculture secretary a claim that 100 million barrels of diesel were en route to the United States.
  26. 64Trump administration expects diesel prices to ease after global oil Release · Scripps News, 2026-10-02 · Scripps's interview with the agriculture secretary about harvest and a short-term release.
  27. 65Closed captions of the Rollins interview · Scripps News, 2026-10-02 · The flattened caption track of the October 2 interview. Rollins says 100 million barrels will be headed this way very soon and that she thinks they are moving now, and she does not call them diesel in that turn.
  28. 66Von der Leyen begrüßt G-7-Beschluss · Welt, 2026-10-02 · Welt's account that German government circles welcomed the October 2 release on Friday evening.
  29. 67IEA to decide on details of diesel stocks release next week · Reuters, 2026-10-06 · what is next
  30. 68Oil market: IEA, EU discuss proposed oil, diesel stocks release · Reuters via CP24, 2026-10-07 · what the 100 million barrels are
  31. 69France and Germany say diesel promise to Trump won’t require new stock release · POLITICO Europe, 2026-10-07 · what the 100 million barrels are
  32. 70EU countries will release fresh oil stocks only after top agency assessment · POLITICO Europe, 2026-10-07 · what is next
  33. 71France to release 10 mln barrels of diesel from stocks, French PM says · Reuters, 2026-10-07 · what has moved since
  34. 72Italy open to more oil stock releases if European countries meet pledges · Reuters, 2026-10-08 · what has moved since
  35. 73Oil prices settle down as IEA agrees to accelerate oil stock release · Reuters via Mint, 2026-10-07 · prices after the decision
  36. 74Eric Daugherty on X, profile · read 2026-10-08 · who made the en-route claim
  37. 75Exclusive: G7’s 100-million-barrel pledge tied to unfinished March emergency oil release · Euronews, 2026-10-08 · what the 100 million barrels are
  38. 76Chinese refiners suspend October fuel exports, sources say · Reuters, 2026-10-01 · why diesel is short
  39. 77Hormuz transits at lowest in over two months after attacks · Reuters, 2026-10-08 · the newest state of supply
  40. 78Oil rises 4% on revived Middle East worries, Hurricane Isaias supply disruption · Reuters, 2026-10-08 · the newest state of supply
  41. 79Trump says US will not attack Iran before midterm elections · Reuters, 2026-10-08 · the newest state of supply
  42. 80Iran proposes deal that could reopen Strait of Hormuz in 7 days · Associated Press, 2026-09-26 · background on the war's shipping

How we check.

Figures and source passages 12

Coordinated release beginning immediately

This record does not yet establish one current value.

Period named for the release

4 monthsUK Government
Recorded passage
In this regard, taking into account commitments that have already been fulfilled, we will implement our commitments with a coordinated release through the IEA of 100 million barrels (MB) to begin immediately over 4 months, including a frontloaded substantial diesel release within the first 20 days by G7 members and partners.

Frontloaded diesel window

20 daysAssociated Press
Recorded passage
President Donald Trump said the diesel release would happen “immediately,” while a G7 statement promised a “frontloaded substantial release” of diesel within the next 20 days.

U.S. Strategic Petroleum Reserve share announced March 11

172 million barrelsU.S. Department of Energy
Recorded passage
As part of this effort, President Trump authorized the Department of Energy to release 172 million barrels from the Strategic Petroleum Reserve, beginning next week.

March coordinated release

400 million barrelsU.S. Department of Energy
Recorded passage
Earlier today, 32 member nations of the International Energy Agency unanimously agreed to President Trump’s request to lower energy prices with a coordinated release of 400 million barrels of oil and refined products from their respective reserves.

Ceiling of the crude exchange requested September 29

40 million barrelsU.S. Department of Energy
Recorded passage
The U.S. Department of Energy (DOE) today issued a Request for Proposal (RFP) for an exchange of up to 40 million barrels of crude oil from the Strategic Petroleum Reserve (SPR), continuing DOE’s execution of the 172-million-barrel release previously announced by President Trump in coordination with the International Energy Agency (IEA) member nations’ overall 400-million-barrel commitment.

Barrels awarded in earlier exchanges, at least

133 million barrelsU.S. Department of Energy
Recorded passage
This action builds on the Department’s five previous solicitations that collectively awarded more than 133 million barrels across four completed exchanges.

Early release window

It noted that there would be a “substantial diesel release within the first 20 days.”

NBC News

Diesel export ban status

The leaders also said that there would be no ban on diesel exports between them.

France 24
Source history

Sources

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