Allies’ ‘Massive’ Diesel Release For Trump Adds Up To About Five Days Of US Demand
U.S. allies agreed to rush diesel to market under pressure from President Donald Trump, but it would cover less than a week of American demand.
U.S. allies agreed to rush diesel to market under pressure from President Donald Trump, but it would cover less than a week of American demand.
The International Energy Agency’s (IEA) governing board agreed Thursday to speed up the rest of the emergency stock releases its members pledged in March, “including over 20 million barrels of diesel as soon as possible,” according to the agency’s statement. That diesel would last the world less than a day or the U.S. a little over five days, CNBC calculated.
Trump wrote on Truth Social on Oct. 2 that “Europe has just agreed to release a massive amount of their heavily stocked Diesel Oil. The process will begin immediately,” a post the White House shared on X.
The IEA did not immediately respond to the Daily Caller News Foundation’s request for comment.
The board tied the diesel to the roughly 100 million barrels its members still have to release under the emergency plan they adopted in March after the Strait of Hormuz crisis, according to the statement. About 330 million barrels have gone out so far, and some members have released or plan to release more than they pledged, which will push the total past the original 400 million barrels, the board said.
The 100 million barrels the Group of Seven nations pledged