On October 7, Bloomberg reported, citing a memorandum from an internal EU meeting, that EU member states generally believe that the G7's announcement last week to coordinate the release of 100 million barrels of crude oil and diesel does not imply that Europe needs to significantly draw on its strategic reserves beyond existing commitments. The EU is inclined to limit subsequent releases to the amounts agreed upon in March of this year, suggesting that there may be a significant difference between the '100 million barrels' mentioned by the G7 and the actual additional supply in the future. The G7 previously announced that under the coordination of the International Energy Agency (IEA), it would release a total of 100 million barrels of crude oil and diesel over the next four months, prioritizing a significant early release of diesel in the first 20 days. However, as of now, no EU member state has explicitly committed to increasing stockpiles within that timeframe. In March of this year, IEA member countries reached an agreement for a release plan of approximately 400 million barrels, with EU countries collectively responsible for about 20%, and as of early October, approximately two-thirds of that quota has been completed.