The energy ministers of the Group of Seven countries will hold a video conference on Tuesday morning to discuss whether to release oil reserves in response to supply disruptions triggered by the war with Iran, CNBC reported. G7 finance ministers met Monday to discuss releasing reserves, but made no decision. The G-7 member countries include Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. A source said the US considered it appropriate to release 300 million to 400 million barrels of crude oil (25-30 per cent of its 1.2 billion barrels of crude reserves).
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