🇫🇷🇩🇪⛽️ France and Germany say diesel promise to Trump won’t require new stock release

The G7 pledge to release a further 100 million barrels of crude oil and fuel stocks to temper rising gas prices is being reframed by Paris and Berlin as part of a previous commitment made under the IEA back in March at the outset of the 3rd Gulf War when all IEA members pledged to release 400 million barrels of crude oil and fuel.

That 400 million barrel release commitment has still not been fulfilled as IEA member states are continuing releasing barrels of crude oil and fuel.

As many have noticed at the pump, those releases had virtually no effect on gas prices.

🔗 https://www.politico.eu/article/france-and-germany-say-diesel-promise-to-trump-wont-require-new-stock-release/