Macron Urges G7 Coordination as US Presses Europe ...
Macron said the G7 should coordinate stock releases and avoid export restrictions as average U.S. diesel prices rose more than 70%, AAA data showed.
- On Friday, French President Emmanuel Macron announced plans to convene a G7 video call to discuss crude and refined product markets following a call with President Donald Trump.
- The US-Iran war has sent fuel prices surging, prompting Trump to threaten diesel export bans that the European Union has slammed as a "bad idea" amid domestic supply shortages.
- International Energy Agency head Fatih Birol reported Tuesday that 80 percent of the 400 million barrels released in March remain available, urging partners to accelerate delivery on existing commitments.
- Treasury Secretary Scott Bessent demanded partners "make additional supplies immediately available," while EU trade chief Maros Sefcovic warned Thursday that US export bans would be "unexpected for Europeans."
- France seeks a coordinated G7 approach "as soon as possible" to manage global energy markets without export restrictions, aiming to mitigate "dramatic consequences" for European economic performance.
14 Articles
14 Articles
Paris, 2 Oct (EFE).- The president of France, Emmanuel Macron, has asked the countries of the G7 to act in a "coordinated manner, without restrictions on exports" to contain the increase in fuel prices and guarantee the world supply of oil and refined products, reported on Friday the Elysée. [...] The entry The EU finds that diesel prices are "high", but the supply is "stable" was first published in HolaNews.
French President to hold call with G7 leaders to discuss stock releases
French President Emmanuel Macron intends to hold a call with his counterparts from the G7 to discuss actions on the world markets for crude and refined products after discussing the issue with U.S. President Donald Trump in a call, Elysee Palace said on Friday.
Following Trump's announcement of a possible diesel export ban, France is looking for a conversation. A G7 video conference is also planned.
On Friday, the French President urged the G7 countries to "act in a concerted manner, without restrictions on exports" to lower fuel prices. France proposed to release 50 million barrels of European diesel oil, as well as 50 million barrels of crude oil in the member countries of the International Energy Agency (IEA).
Emmanuel Macron will spend the afternoon in telephone talks with G7 partners on whether to open diesel reserves. France currently holds the presidency of the group of the world's richest economies. The Elysee Palace said he has already...
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