G7 may tap strategic oil reserves but move 'not yet' needed: Report Related news
Government
GENEVA G7 finance ministers said Monday they may tap strategic oil reserves to stabilize global markets but stressed that such a move is "not yet" necessary despite recent price volatility. The discussion came during a meeting of finance ministers from the world’s leading advanced economies, who agreed on the need to be ready to act if market conditions deteriorate, according to a report by BFMTV. French Economy Minister Roland Lescure said the group is prepared to release emergency stockpiles
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