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Oct 2026
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Strikes on 40 refineries in Russia, Ukraine and the Middle East send fuel prices soaring

US President Donald Trump has ruled out a diesel export ban after the G7 agreed to release 100 million barrels of emergency fuel, while Greek refiners post surging profits by exporting scarce diesel to Europe

Analysis: G7 oil stock release will only briefly cool prices, analysts warn

Brent dropped roughly 3% to $99.25 after the G7 pledged up to 100 million barrels from strategic stocks, yet Barclays lifted its fourth quarter forecast to $115 as inventories shrink and Gulf flows stay restricted

Europe to release huge share of its diesel reserves, says Trump, as G7 puts 100 million barrels on the market

US President says Europe has agreed to release a large share of its strategic diesel reserves, while the G7 says 100 million barrels will reach the market over the next four months

Mitsotakis announces 120-instalment repayment plans, up from 72, a crackdown on servicers and fuel subsidies

Four new measures target fuel costs and debts: the diesel subsidy rises to 15 cents and reaches 20 cents with refinery discounts, heating oil will be sold for under €1.75, and debt-management firms face stricter rules and fines

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