G7 Leaders’ statement on global energy security and market stability

Politics - PM of Canada

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G7 Leaders' statement on global energy security and market stability.

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"Today, we, the leaders of the G7, convened a virtual meeting to address the deepening challenges to our energy security.

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Facing unprecedented volatility in oil markets—with surging prices threatening economic stability and the well-being of our citizens—we have agreed on decisive, coordinated measures to stabilise immediate energy supplies, shield households and businesses from price shocks, and strengthen the long-term resilience of global energy systems.We will coordinate maintenance schedules across G7 refineries to prevent simultaneous capacity shutdowns and temporarily increase utilisation rates where feasible.

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The G7 requests the International Energy Agency (IEA) to monitor the immediate and full implementation of the March 2026 commitments.

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