Germany will release up to 15 million barrels of oil and oil products from reserves

Germany intends to release up to 15 million barrels of oil from strategic reserves under the agreement of the G7 countries. This information was announced by the Minister of Economy and Energy of Germany Katerina Reiche, writes sb.by.

According to TASS, in an interview with Reuters, she noted:

- The first will be released reserves of diesel and boiler fuel oil, after which oil reserves will be released.

Reiche did not explain when the reserve resources would begin to enter the market.

On October 2, the G7 countries agreed to release 100 million barrels of oil and oil products from strategic reserves within 4 months. This decision was made due to the shortage of fuel in the world market due to the events in the Middle East. G7 agrees not to limit energy exports

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