The Trump administration spent the past week pressing European governments to release diesel from their emergency stockpiles, warning that Washington could restrict U.S. diesel exports if they refused.
On Friday, the Group of Seven agreed to release 100 million barrels of crude oil and petroleum products through the International Energy Agency over the next four months, with a “frontloaded substantial diesel release” coming within the first 20 days.
“Europe has just agreed to release a massive amount of their heavily stocked Diesel Oil,” President T …