The International Energy Agency (IEA) is set to determine the specifics of a planned diesel stock release amid rising uncertainty about the volume and composition of barrels to be made available by Europe and the United States. The development comes after the Group of Seven (G7) major economies agreed last Friday to collectively release 100 million barrels of diesel and crude oil from emergency reserves to address supply shortages and escalating fuel prices.

Under pressure from U.S. President Donald Trump, the G7 countries committed not only to the release of strategic petroleum reserves but also to a pledge to avoid imposing energy export restrictions. Despite this broad agreement, details regarding the exact quantities of crude oil, diesel, and other petroleum products in the release remain unspecified, as does information on which member states will participate in the initiative.

Sources familiar with the matter indicated that the IEA’s governing board will convene on October 14 and 15 to finalize the parameters of the stock release. The agency, which advises industrialized nations and manages strategic oil reserves, has yet to publicly confirm the agenda or anticipated decisions ahead of the meeting.

The move aims to ease the pressure on global fuel markets, which have been grappling with tight supplies and record-high prices, impacting economies worldwide. Market participants and analysts have expressed concern over the lack of clarity about the reserve release, contributing to volatility in diesel and crude oil prices.

The IEA’s role as coordinator and overseer of strategic petroleum reserves among its member countries positions it as a critical actor in managing the global energy supply response. Final decisions at the mid-October board meeting will likely influence market expectations and the efficacy of the release in stabilizing energy prices.