CatalystCommodities
France and Germany say diesel promise to Trump won’t require new stock release
France and Germany clarify diesel pledge to Trump avoids new stock release, easing supply concerns.
Context
What happened: France and Germany said their diesel release promised to Trump will come from stocks already committed in March under the G7 pledge, not necessarily new barrels, two diplomats told POLITICO.
Why it matters: The comments suggest Europe's pledge last week to release millions of barrels of diesel was less generous than it sounded, leaving unclear whether any additional barrels will be released.
Key numbers: G7 committed Friday to release a "substantial" amount of diesel within 20 days.
What changed
France and Germany said their diesel release promised to Trump will come from stocks already committed in March under the G7 pledge, not necessarily new barrels, two diplomats told POLITICO.
Why it matters
The comments suggest Europe's pledge last week to release millions of barrels of diesel was less generous than it sounded, leaving unclear whether any additional barrels will be released.
Key numbers: G7 committed Friday to release a "substantial" amount of diesel within 20 days.