The IEA's members are advanced economies in North America, Europe and Northeast Asia. They collectively hold about 1.2 billion barrels of oil in reserve.

G7 discusses the possibility of coordinated release of oil reserves in the wake of soaring oil prices due to the joint US and Israel strike on Iran ...

Finance ministers for the seven industrialized countries met on Monday and said they would consider releasing oil from ...

The Group of Seven nations have decided against jointly releasing hundreds of millions of barrels of crude oil reserves to stanch skyrocketing prices, which have hit over $100 a barrel in what has ...

The G7 finance ministers are set to discuss a coordinated release of oil from emergency reserves in a meeting on Monday. This discussion, reported by the Financial Times, involves support from three ...

Energy ministers of the G7 said on Wednesday they stood ready to take "all necessary measures" in coordination with the ...

The Group of Seven industrialized nations agreed Wednesday to explore the possibility of escorting vessels in the Middle East once se ...

The Group of Seven countries are considering releasing emergency oil stocks to address the Middle Eastern supply crisis, the International Energy Agency said on Monday, as oil prices surged to as high ...

New York/Washington | The US has asked G7 countries to impose tariffs on countries purchasing oil from Russia, asserting that only “unified efforts” that cut off funding to Moscow's war machine at ...

Top diplomats from the Group of Seven industrialized democracies are converging on southern Ontario as tensions rise between the U.S. and traditional allies like Canada over defense spending, trade ...

G7 Countries have made commitments of $382 million US dollars to immediately avert the looming famine in Nigeria’s North East and to tackle its root causes, according to Catriona Laing, the ...