The G7 group of nations will undertake a co-ordinated release of 100 million barrels of diesel and other reserves through the International Energy Agency to try and stabilise world energy markets, according to a joint G7 leaders' statement. 'We will implement our commitments with a coordinated release through the IEA of 100 million barrels to begin immediately over 4 months, including a frontloaded substantial diesel release within the first 20 days by G7 members and partners,' said the statement, released by the office of French President Emmanuel Macron. #G7 #oil #economy