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Vue lecture

U.S. and Allies Agree to Release Diesel Reserves as Prices Soar

The Group of 7, which includes Britain, France and Japan, announced the release of 100 million barrels over four months, effective immediately.

© Hilary Swift for The New York Times

The release of diesel and crude oil is designed to “stabilize immediate energy supplies,” the Group of 7 countries said in an announcement.
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Trump’s Threat to Ban Diesel Exports Sets Off Global Alarms

A reduction in refineries has already driven the price of diesel to record highs, threatening economies. An U.S. export ban would be “tremendous shock and blow.”

© Jes Aznar for The New York Times

Workers unloading produce in Manila, where soaring global diesel prices are driving up transport costs and pushing everyday food prices out of reach for consumers.
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Tankers Are Loading Oil Again From a Vital Saudi Pipeline

Saudi authorities had taken the pipeline offline this month after it was damaged in a drone attack by an Iranian-backed Iraqi militia.

© Vantor, via Reuters

A satellite image of the East-West pipeline after it was damaged in a drone strike this month. The pipeline was a vital workaround for Saudi oil.
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