IEA TO SET DETAILS OF G7’S 100 MILLION-BARREL RELEASE

The IEA governing board is expected to decide October 14–15 how the G7’s 100 million-barrel emergency crude and diesel release will be divided, according to people close to the matter.

The G7 has not yet disclosed how much diesel versus crude each country will contribute. Italy is expected to participate.

The release will run over four months, with diesel front-loaded.
(@WalterBloomberg)