Cost of Living|Canada, United States, European Union, World
G7 orders a 100-million-barrel oil and diesel release; Canada holds no emergency stocks to draw
On 2 October 2026 G7 leaders agreed a coordinated IEA release of 100 million barrels over four months, with a front-loaded diesel release within 20 days, plus refinery-maintenance coordination and a pledge against energy export bans among members. Canada, a net exporter, has no IEA stockholding obligation and no public emergency oil stocks, so its role is on the refinery and supply side.
Daily Teabag Desk·Centre