Europe Considers Diesel Release
European Union nations discussed a French proposal to release diesel reserves amid pressure from the United States. Officials debated tying the release to a US pledge avoiding export bans.
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France proposed releasing 50 million barrels of diesel to cool surging fuel prices, following pressure from the United States, two people familiar with the matter said on Friday morning.
The proposal comes as global fuel supply faces severe disruptions from conflicts and export bans across major producing nations.
