G7 Countries to Release 100 Million Barrels of Oil and Diesel
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The G7 is a group of seven rich countries. They will release 100 million barrels of oil and diesel.
A barrel is a big container used to measure oil. The G7 countries want to stop oil and diesel prices from going up too fast.
This action is called a coordinated release. It means all the countries act together at the same time.
The plan comes after Donald Trump made a threat. He said the US might stop exporting diesel to other countries.
An export is something a country sells to another country. If the US stopped selling diesel, prices could go up a lot.
Diesel is a type of fuel. Many trucks, ships, and machines use diesel to work.
A price spike is when a price suddenly jumps up very fast. The G7 wants to avoid this.
By releasing more oil and diesel, there will be more supply in the market. More supply usually means lower prices.
The G7 hopes this plan will keep energy prices stable for people and businesses around the world.
Vocabulary8 words
- G7
- a group of seven big rich countries
- barrels
- big containers used to measure oil
- diesel
- a type of fuel for trucks and machines
- coordinated release
- when countries act together at the same time
- Trump
- a former leader of the United States
- exporting
- selling goods to other countries
- price spike
- when a price jumps up very fast
- supply
- the amount of something available to buy
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Quiz
Answer key
1. 100 million 2. Trump 3. True
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Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
The _____ is a group of seven rich countries. They will release 100 million _____ of oil and _____.
A barrel is a big container used to measure oil. The G7 countries want to stop oil and diesel prices from going up too fast.
This action is called a _____. It means all the countries act together at the same time.
The plan comes after Donald _____ made a threat. He said the US might stop _____ diesel to other countries.
An export is something a country sells to another country. If the US stopped selling diesel, prices could go up a lot.
Diesel is a type of fuel. Many trucks, ships, and machines use diesel to work.
A _____ is when a price suddenly jumps up very fast. The G7 wants to avoid this.
By releasing more oil and diesel, there will be more _____ in the market. More supply usually means lower prices.
The G7 hopes this plan will keep energy prices stable for people and businesses around the world.
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