economy

G7 'not there yet' to release more oil reserves: French economy minister

French economy minister Roland Lescure says G7 countries need to reserve stockpiles for other potential oil market shocks.

G7 'not there yet' to release more oil reserves: French economy minister

TL;DR

  • G7 countries should conserve their oil stockpiles.
  • Further releases from strategic reserves are not yet advisable.
  • Stockpiles are needed for potential future oil market shocks.