Report: Germany launches tender to sell diesel, heating oil and crude oil from strategic reserves

A document shows that Germany's national oil reserve agency EBV issued a tender on Friday, planning to sell diesel, heating oil, and crude oil from its strategic reserves. A trader who received an invitation to purchase strategic reserve oil said this is Germany's first release of strategic petroleum reserves since the Group of Seven reached a relevant agreement in early October. Under pressure from U.S. President Trump, the G7 agreed to release 100 million barrels of oil from emergency reserves to ease market tensions. For Trump, record-high diesel prices have become an important issue in the November 3 midterm elections.