Germany to release 15 million barrels from oil reserves

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Germany plans to release up to 15 million barrels of oil and petroleum products from emergency reserves as part of a G7 agreement to release 100 million barrels. Diesel and heating oil will be released first, according to Economy Minister Katherina Reiche.

Germany will release up to 15 million barrels of oil and petroleum products, the economy ministry said Friday, as part of a Group of Seven agreement to release 100 million barrels of diesel and crude oil from emergency reserves. Economy Minister Katherina Reiche told Reuters that diesel and heating oil will be released first, with ...