French President Emmanuel Macron will chair a video call with his counterparts from the G7 from 12:30 GMT to discuss possible measures regarding the global supply of crude and refined products, the Elysee Palace said in a statement.
– Macron is reported to have already spoken about the issue with President Trump and Canada Prime Minister Mark Carney in two separate calls overnight.
– France has asked its EU partners to release additional diesel stockpiles, in response to calls from Trump to release more supplies in an attempt to reduce rocketing fuel prices, a source familiar with details of the discussion told Reuters on Friday.
– US Energy Secretary Chris Wright said on Thursday he was “highly confident” Europe could help ease soaring global prices by releasing emergency diesel inventories.
Macron discusses energy crisis with Trump
– French President Emmanuel Macron has discussed the global energy crisis in a phone call with Donald Trump.
– Macron stressed the need for cooperation to address the rise in fuel prices, that France is working with the International Energy Agency to ease price pressures, and that it also intends to hold a meeting with G7 leaders.
– The Trump administration has told Germany and France, to release emergency stocks to help ease rising global fuel prices.
– Costs have soared across both European Union countries and the US, in recent weeks, as the conflicts in Ukraine and Iran continue.
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