G7: In principle, supports the use of strategic reserves to stabilize energy markets when necessary

MetaMuskRat · 2026-03-11T12:10:50+00:00

The G7 energy ministers discussed the impact of the Middle East conflict on the global energy markets in a video conference and in principle supported measures to address the situation, including the use of strategic energy reserves, emphasizing close coordination with the International Energy Agency.

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2026-03-11 12:10:50

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People’s Financial News, March 11 — On March 11, local time, G7 energy ministers issued a joint statement stating that all parties generally support taking proactive measures to address the current situation, including the use of strategic energy reserves when necessary. The statement said that the G7 energy ministers held a video conference on March 10, with International Energy Agency Director Fatih Birol participating. The meeting discussed the impact of the Middle East conflict on the global energy market, including oil and natural gas supply security and energy prices. The statement added that G7 member countries will work closely with the IEA and its member countries, continuously monitor energy market trends, and be prepared to take all necessary measures when needed. (CCTV News)

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