Business · 11 March 2026
G7 ministers support using oil stockpiles as Brent hits $90.
Oil market volatility persists, with prices for Brent crude reaching $90 a barrel, highlighting supply issues. Energy ministers from the G7 group met virtually with the IEA on Tuesday and issued a statement today, expressing support for proactive steps, including using national oil stockpiles. However, actual reserve releases need more talks on volume, country shares, and timing.
Reported by The Guardian · How we write briefs