In a statement, Rear Admiral Matthew Lake, Commander of the Northeast District, said “suspending a search is not an easy decision.”
Image supplied by U.S. Coast Guard
The U.S. Coast Guard has suspended its search for the six people aboard the air ambulance that went missing off the coast of Nantucket.
In a statement, Rear Admiral Matthew Lake, Commander of the Northeast District, said “suspending a search is not an easy decision.”
“We express our deepest condolences to the families and loved ones affected by the tragedy and our gratitude for our partner agencies who helped support search efforts.”
Six passengers were on board the Gulfstream G100 air ambulance when it departed from Bermuda for Boston at 12:41am on Saturday – four Canadian nationals, including two pilots and two medical crew, plus two Bermudian nationals, a patient and one relative.
US Air Traffic Control lost contact with the aircraft shortly after it appears the pilots had indicated they were “coming in blind”, and had declared an emergency.
Online flight telemetry data indicates that the jet experienced a sudden, rapid descent – dropping more than 9,000 feet in approximately two minutes – shortly before it went missing.
The Federal Aviation Administration issued a search and rescue alert for the plane at 1:20 am.
Since the alert went out, the U.S. Coast Guard and partner agency assets have searched 4,445 miles.
U.S.C.G. states that agencies participating in the search include:
An HC-144 Ocean Sentry airplane crew from Coast Guard Air Station Cape Cod
An HC-130 Hercules crew from Coast Guard Air Station Cape Cod
An MH-60 Jayhawk helicopter crew from Coast Guard Air Station Cape Cod
47-foot Motor Lifeboat crews from Coast Guard Station Brant Point
The crew of the Coast Guard Cutter William Sparling, a Boston-based Fast Response Cutter
Two HH-60 helicopter crews from the New York Air National Guard’s 106th Rescue Wing
An HC-130 aircraft from the New York Air National Guard’s 106th Rescue Wing
The passengers’ next of kin have been notified.
The U.S.C.G. advises that a future investigation into the cause of the incident will be coordinated by the appropriate investigative authorities.
US Coast Guard have described the ongoing search for the missing air ambulance in waters South of Nantucket as a “large and demanding search effort”.
Live update from the U.S. Coast Guard, courtesy of WCVB Channel 5 Boston
U.S. Coast Guard have described the ongoing search for the missing air ambulance in waters South of Nantucket as a “large and demanding search effort”.
The aircraft was carrying carrying six passengers, a Bermudian patient and family member, two Canadian pilots and two Canadian medical staff.
During a live press conference today from the US Coast Guard Boston Base, Captain John McTamney said that the debris field was discovered around 20 miles off the coast.
Rear Admiral Matthew Lake said the sea floor is around 80 to 90 feet deep in that area, and they would be sourcing crews from the Massachusetts Environmental Police to survey the area using their sonar equipment.
The search extends from about 30 nautical miles wide and 20 nautical miles long, according to the Coast Guard.
There were no indications that the plane’s black box has been found because the debris field is “extensive”.
Rear Admiral Matthew Lake emphasised that the search continues for the Gulstream G100 Astra jet and its passengers, after more than 53 and a half hours.
He said his thoughts “are with the people on board and their families during this deeply worrying time.”
He added that they have been keeping next of kin up to date on the search.
Asked by media what materials have been recovered from the ocean within the debris field, the coast guard said they’re “just interested in finding the people”, and they could not give specifics.
However, they confirmed materials have been preserved for the future investigation by aviation officials.
US Coast Guard officials did not give any details on the identity or sex of the passengers, stating it would not be appropriate to reveal that information at this time out of respect of the families and next of kin.
Our ABC affiliate station WCVB in Boston carried the press conference live from the US Coast Guard Boston Base at noon today.
U.S. Coast Guard Rear Admiral Matthew Lake (centre), and Captain John McTamney. Photo courtesy of WCVB Boston.
What we know so far
The medical jet, a Gulfstream G100 Astra operated by Hamilton,Ontario based company Latitude Air Ambulance, suddenly lost contact with air traffic controllers in Boston sometime after departing Bermuda’s L.F.Wade International Airport at 12.41am.
The Federal Aviation Administration, the FAA, notified the US Coast Guard who responded to the alert made at 1.20 am Saturday morning.
Six passengers were on board, 4 Canadian nationals including two pilots and two medical crew plus two Bermudian nationals – a patient and one relative.
The approximate 27 hours search so far has led Coast Guard vessels and air support to identify a debris field that is around 30 nautical miles wide. The overall search covered more than 1600 square miles.
Officials said that weather conditions have been optimal for the search.
The US Coast Guard issued a news statement this morning said the search for missing Gulfstream G100 air ambulance C-GRJP continued overnight off the coast of Nantucket Island
Nautical and air rescue crews scour the waters off of Nantucket in search for missing aircraft. Image: United States Coast Guard News
Rescue crews worked overnight into the early hours of Sunday, October 4 in search of the missing Gulfstream G100 jet and its six passengers on board.
The aircraft lost contact with Boston Logan International airport air controllers yesterday after departing the L.F. Wade International Airport at 12.41am. A subsequent notice was sent by Federal Aviation Administration to the US Coast Guard to begin search efforts to locate the air ambulance at 1.20am.
Latitude Air Ambulance, the operators of the air ambulance confirmed six passengers – four Canadian pilot and staff member plus a two Bermudian nationals, a patient and relative were listed on the flight.
Flight data showed the jet suddenly made a sudden drop in altitude, around 9,000 feet within 2 minutes before air controllers lost contact with the pilots.
Following more than 12 hours, the CG confirmed they had identified a debris field in the ocean using boat and air crews in the search.
Coast Guard and partner-agency assets involved in the search include:
An HC-144 Ocean Sentry airplane crew from Coast Guard Air Station Cape Cod
An HC-130 Hercules crew from Coast Guard Air Station Elizabeth City
An MH-60 Jayhawk helicopter crew from Coast Guard Air Station Cape Cod
47-foot Motor Lifeboat crews from Coast Guard Station Brant Point
The crew of Coast Guard Cutter William Sparling, a Boston-based Fast Response Cutter
Two HH-60 helicopter crews from the New York Air National Guard’s 106th Rescue Wing
An HC-130 aircraft from the New York Air National Guard’s 106th Rescue Wing
According to the US Coast Guard, they said, “search crews located a debris field that has been confirmed to be associated with the missing aircraft.”
The Coast Guard cutter William Sparling continued to search efforts throughout the night and a total of 1,644 square miles have been searched over approximately 27 hours.
Yesterday, Premier David Burt said, “My thoughts are with everyone on board and their families during this deeply worrying time.
“We are praying that all six people will be found safe, and we thank the search and rescue crews for their continuing efforts.”
A press conference will be held at 12pm (11am EST) at the Coast Guard Base in Boston to update the public.
We’ll provide more information as it becomes available.
Coast guard finds debris from missing air ambulance
ABC News reports that the U.S. Coast Guard says it has located debris from the air ambulance that went missing while transporting a patient and their family member from Bermuda to Boston.
The debris field was located off Nantucket, the Coast Guard said, and was confirmed to be linked to the missing Gulfstream G-100.
Coast Guard search efforts will continue through the night, and a press conference will be held on Sunday to provide a further update.
The missing air ambulance left Bermuda around 12:40am on Saturday, carrying a Bermudian patient and a family member, with two pilots and two medical staff who are all Canadian.
US Air Traffic Control lost contact with the aircraft shortly after it appears the pilots had indicated they were “coming in blind”, and had declared an emergency.
Online flight telemetry data indicates that the jet experienced a sudden, rapid descent — dropping more than 9,000 feet in approximately two minutes.
The Federal Aviation Administration issued a search and rescue alert for the plane at 1:20 am.
The U.S. Coast Guard has used air and sea vehicles throughout the day to search the ocean south of Nantucket.
US Coast Guard aircraft continue to search the ocean for an air ambulance that went missing en route from Bermuda to Boston.
US Coast Guard aircraft continue to search the ocean for an air ambulance that went missing en route from Bermuda to Boston.
6 people are on board – a Bermudian patient and their relative, two Canadian pilots and two Canadian medical staff.
An HC-144 Ocean Sentry airplane crew from Cape Cod have been over the waters south of Nantucket Island for several hours.
Flightradar 24 shows that the search aircraft has followed a standard search pattern while circling over some points.
One area seems to have been the subject of search since just after 4pm.
A HC-130 Hercules crew from Elizabeth City rejoined the search around 5pm, and later proceeded to the same area.
A Lifeboat crew from Brant Point, abord the CGC William Sparling, have also been in the area.
We still await further reports from the US Coast Guard on the search.
The missing air ambulance left Bermuda around 12:40am today, and the Federal Aviation Administration issued a search and rescue alert for the plane at 1:20 am.
US Air Traffic Control lost contact with the aircraft shortly after it appears the pilots had indicated they were “coming in blind”, and had declared an emergency.
US aviation consultant Tom Kinton told WCVB News in Boston that, to his understanding, the aircraft may have lost its electrical power, which would have made it more difficult to track by satellite and pinpoint its exact location.
With satellite out of the equation, he says, you rely on ground-based radar that can only see 200 miles, “so if they were beyond 200 miles, they can’t even see where { the plane } potentially went down.”
The air ambulance is registered to Canadian company Latitude Air Ambulance.
Clarence Togeretz, Latitude’s Director of Flight Operations, told CBC News in Canada that the two pilots and two medical staff are Canadian, and had flown to Bermuda to collect a patient and their relative.
Mr Togeretz did not state the nationality of the passengers, but Bermuda Broadcasting can confirm the patient and their relative are Bermudian.
Mr Togeretz said, “We’re praying for a safe outcome”.
Bermuda Broadcasting News were told the family of the Bermudian passengers are requesting privacy at this time and are awaiting updates from the search effort.
Communications with an air ambulance that went missing en route to Boston from Bermuda indicate that the crew declared an emergency prior to losing contact
*Audio of ATC trying to contact the missing sir ambulance. Courtesy of Live ATC
Communications with an air ambulance that went missing en route to Boston from Bermuda indicate that the crew declared an emergency prior to losing contact.
In a recording of Air Traffic Control trying to reach “Medivac 104”, the controller can be heard responding to the crew, saying “you’re coming in blind, is that what you said?”
Audio from the crew is not on the recording, but the controller then asks if the crew is declaring an emergency.
The controller appears to try and clarify what the pilot is saying.
“You’re coming in a little weak”, he said, “…I didn’t hear what your response was, if you were declaring an emergency or no…”
It appears that another controller then says, “they declare and emergency, and I missed the last part…”
From that point ATC does not seem to be able to hear any further response from the aircraft, and asks other aircraft in the vicinity if they can see the missing plane.
WCVB in Boston reports that Air traffic control said a the air ambulance was experiencing “electric issues” before it went missing off Nantucket early on Saturday.
The twin-jet Gulfstream G100 had departed Bermuda for Boston at approximately 12:41am today, and the Federal Aviation Administration issued a search and rescue alert for the plane at 1:20 am.
The Coast Guard’s response includes crews from Air Station Cape Cod.
Premier of Bermuda, David Burt, said his “thoughts are with everyone on board and their families during this deeply worrying time.”
“We are praying that all six people will be found safe, and we thank the search and rescue crews for their continuing efforts.”
Bermudian footballers took centre stage across the English football pyramid, highlighted by Emirates FA Cup third-round qualifying drama and key contributions up and down the non-league tiers.
The headline act belonged to midfielder Milan Butterfield and Halesowen Town, who produced a miraculous escape away to Stafford Rangers at the Stan Robinson Stadium. Facing an impending FA Cup exit, the Yeltz struck seven minutes into stoppage time to grab a dramatic 1-1 draw and force a replay at The Grove on Tuesday night.
Willie Clemons enjoyed outright celebration as Leiston FC secured their passage to the fourth qualifying round with an emphatic 3-1 victory on the road against Coventry United at the Flannery Stadium.
Harborough Town also booked their place in the hat with a thrilling 3-2 victory over National League South side St Albans City, with Bermudian youngster Jutorre Burgess an unused substitute on the bench.
In league action, veteran Bermuda international Reggie Lambe marked his presence in the Thurlow Nunn Premier Division, firing Ipswich Wanderers ahead in the 14th minute at the GBS Stadium before visiting Harleston Town battled back to share the spoils in a 2-2 draw.
Elsewhere, forward Ayleal Dill and Southwell City were held to a goalless stalemate at home to Sandiacre Town in the United Counties League, while Daizhari Tucker guided Worcester Raiders from the touchline to a spirited 2-2 draw on the road against Tiverton Town in Devon.
The National Sports Centre said walkers, joggers and all other recreational users will not have access to the 600m track, outdoor gym and surrounding grassy areas during the closure
Full statement from the National Sports Centre:
The North Field and 600m walking track at the National Sports Centre will be closed from Monday 5 October 2026 to Tuesday 27 October 2026, as the north field flood lighting system is being replaced.
This work is scheduled to take place every day except Saturday 10 and Sunday 11 October, when the field will be open for the Athene Kickstart youth Football tournament. Walkers, joggers and all other recreational users will not have access to the 600m track, outdoor gym and surrounding grassy areas during that time.
The closure will continue on Wednesday 28 October to Thursday 19 November to account for the World Rugby Classic preparations, game days and clean-up.
This year’s event will feature Classic Canada, Classic Eagles, Argentina Legends, Italian Classic, France, Classic Canada, Classic Lions, who will each vie for crowning glory. There will also be a match featuring Bermuda mini-Rugby.
Craig Tyrrell, the NSC SVP Operations Manager, said: “We are always excited when hosting events like the World Rugby Classic, but this year is a little different, as we are first improving the lighting system on the north field, a project which will benefit all users in the future. We must ensure that we can complete the tasks safely and, unfortunately, that means restricting use for all recreational users until the work is complete. We do apologise for any inconvenience, but look forward to everyone returning after the capital works and Classic have ended.”
If one would like to use the facility during the closure, the South field 400m track is available at a nominal drop in fee, provided the field isn’t closed off for an exclusive booking. Schedules can be seen on our website: www.bermudanationalsportscentre.com and regular updates are posted on Instagram @nscbermuda.
À Gulfstream G100, the model of the aircraft which is currently missing
UPDATED 5:30pm, 3rd October
Skyport has confirmed that US air controllers have lost contact with an air ambulance, travelling from Bermuda to Boston, with six people on board.
WCVB in Boston reports that “the Federal Aviation Administration said it issued a search and rescue alert for the plane at 1:20 a.m…
“The FAA notified the U.S. Coast Guard that it lost contact with the plane, which is registered to Canadian-based Latitude Air Ambulance. The company confirmed that the missing plane is among its fleet.”
Skyport released a statement confirming that “a Canadian-registered air ambulance departed L.F. Wade International Airport for Boston at approximately 12:41 am on Saturday, October 3, 2026, with six souls on board, including four crew members and two passengers.”
The aircraft, operating under call sign HTT104, is a twin-jet Gulfstream G100 bearing the registration C-GRJP operated by Latitude Air Ambulance based out of Hamilton, Ontario.
According to flight telemetry data, it indicates the jet experienced a sudden, rapid descent—dropping more than 9,000 feet in approximately two minutes.
Its final transmission logged a descent rate exceeding 4,500 feet per minute before the signal cut off entirely.
Latitude employs over 100 personnel across its operations and base at John C. Munro Hamilton International Airport.
According to flight aware logs, they lost contact with Boston Center just after 1:09 am.
Flight data showing the search effort underway in the waters off Nantuckett Island. Photo: FlightRadar24
Skyport added, “The U.S. Federal Aviation Administration (FAA) has advised that air traffic controllers subsequently lost contact with the aircraft off the coast of Nantucket Island, Massachusetts, and a search is currently underway.”
“Skyport has no further information to provide at this time.”
The nationalities of those on board have not yet been verified.
The Government of Bermuda said in a statement:
“The Government of Bermuda confirms that an air ambulance which departed Bermuda for Boston early this morning, carrying six people, has been reported missing after contact was lost with air traffic control.
The United States Coast Guard is conducting search and rescue operations off the coast of Nantucket, Massachusetts. The Government has been in contact with the families of those on board and remains in contact with the overseas authorities coordinating the search.
Premier David Burt said, “My thoughts are with everyone on board and their families during this deeply worrying time. We are praying that all six people will be found safe, and we thank the search and rescue crews for their continuing efforts.”
The Government asks that the privacy of the families be respected and will provide further updates as confirmed information becomes available.”
The air ambulance is registered to Canadian company Latitude.
Clarence Togeretz, Latitude’s Director of Flight Operations, told CBC News in Canada that the two pilots and two medical staff are Canadian, and had flown to Bermuda to collect a patient and their relative.
Mr Togeretz did not state the nationality of the passengers, but Bermuda Broadcasting understands the patient and their relative are Bermudian.
Mr Togeretz said, “We’re praying for a safe outcome”.
Yields, however, rose again, as the bond market resumed an ongoing selloff that has seen global yields rise to levels not seen in two decades
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., September 29, 2026. REUTERS/Jeenah Moon
International News via Reuters:
Major stock indexes rose and the dollar fell on Friday as expectations for a Federal Reserve interest rate increase later this month fell after softer-than-forecast US jobs data.
Yields, however, rose again, as the bond market resumed an ongoing selloff that has seen global yields rise to levels not seen in two decades.
Nonfarm payrolls increased by 29,000 jobs last month, the Labor Department’s closely watched employment report showed, short of the expected gain of 90,000, according to economists polled by Reuters. Job growth for August was revised down to 133,000 from a previously reported 162,000 surge.
Bets on an October rate rise from the Fed, which last month increased rates for the first time since 2023, faded after the data. Traders were last pricing in a roughly 80% probability that rates would be unchanged at this month’s meeting compared with 74% before the data.
“It wasn’t as hot a labor market print as August,” said Joseph Purtell, senior vice president, portfolio manager and rates trader at Neuberger Berman. He still described the labor market as largely stable, however.
Expectations for an October rate hike had already been declining going into Friday’s jobs report. Two top policymakers said this week they wanted more data before deciding what to do next with interest rates. Odds of a December hike were last at around 86% probability, according to LSEG data.
Higher rates are often viewed as a negative for stocks because they increase borrowing costs for businesses and consumers.
On Wall Street, tempered expectations for an impending rate hike helped boost rate-sensitive stocks such as the S&P 500 real estate index, which gained 0.4%, and the small-cap Russell 2000 index, which gained 0.9% to register its biggest daily gain in a month.
The Nasdaq Composite was 1.2% higher, leading Wall Street, as it gained 319.27 points to 27,190.86. The Dow Jones Industrial Average rose 250.40 points, or 0.5%, to 51,176.96, the S&P 500 rose 56.27 points, or 0.7%, to 7,722.72. For the week, the S&P 500 shed 0.27%, the Nasdaq rose 0.45%, and the Dow fell 1.26%.
MSCI’s gauge of stocks across the globe rose 7.01 points, or 0.6%, to 1,140.27. The pan-European STOXX 600 index ended 0.75% higher.
The dollar was down against the euro and yen. The euro was last up 0.16% at $1.1259. Against the Japanese yen, the dollar weakened 0.18% to 157.79.
GAP BETWEEN GERMAN, FRENCH YIELDS HITS WIDEST SINCE 2011
US Treasury yields initially lost ground following the jobs data, but were later higher on the day, with some investors noting that the jobs report was not so weak that it removed chances for the Fed to raise rates in coming months.
Global bond markets have been steadily selling off in recent weeks as the US-Israeli war with Iran pushed up energy prices, complicating the inflation outlook and further straining already stretched public finances. Benchmark 10-year US yields closed September with their largest quarterly rise since 1994.
The yield on benchmark US 10-year notes was last up 4.72 basis points at 5.281%, while the 2-year note yield, which typically moves in step with interest rate expectations for the Fed, was up 3.98 bps at 4.827%. For the week, 10-year yields were on track for a 10-basis-point increase, which would mark their fifth consecutive weekly gain.
Trading on Friday remained volatile in European government bond markets, with the gap between the German and French 10-year yields hitting the widest level since the euro zone debt crisis in 2011.
Overseas, German 2-year bond yields were last flat at 3.05%, having swung between session lows of 2.943% and highs of 3.063%, while French 2-year yields were around 4 bps higher at 3.73%, having risen to as much as 3.84% earlier. Italian 2-year yields were down 7 bps at 3.547%.
This week, 2-year German yields have fallen nearly a quarter point, while those on 2-year French bonds have risen nearly 14 bps.
Brent crude futures climbed while US West Texas Intermediate held on to a portion of earlier losses after European leaders agreed to US President Donald Trump’s request to release diesel reserves.
Brent was up 46 cents, or 0.45%, at $102.77 a barrel in late afternoon. WTI was down 1% to $91.90 a barrel.
Spot gold fell 1.01% to $4,135.68 an ounce.
Reporting by Samuel Indyk and Stella Qiu; Editing by Kevin Buckland, Jamie Freed, Emelia Sithole-Matarise, David Gaffen and Aurora Ellis
The US led a pressure campaign on the European Union to draw down emergency diesel inventories, with the Trump administration warning that failure to act could lead to a US ban on diesel exports
French President Emmanuel Macron (C) speaks next to French Presidential advisor Emmanuel Bonne (L), France’s Economy, Finance and Industry Minister Roland Lescure, Secretary-General of the Office of the President of the French Republic Pierre-Andre Imbert and Camille Morfouace de Broucker following a video conference with G7 leaders from the Elysee Presidential Palace in Paris on October 2, 2026. G7 leaders were holding talks on October 2, 2026, to coordinate action on tackling high fuel prices, after Washington upped pressure on Europe to release its strategic reserves or face a US diesel export ban. LUDOVIC MARIN/Pool via REUTERS
International News via Reuters:
Group of Seven countries agreed on Friday to release 100 million barrels of diesel and crude oil from emergency reserves and pledged to refrain from energy export restrictions after pressure from US President Donald Trump.
The US led a pressure campaign on the European Union to draw down emergency diesel inventories, with the Trump administration warning that failure to act could lead to a US ban on diesel exports. Such a ban could sharply reduce supplies to Europe, which has become increasingly reliant on US diesel, and potentially inflict high economic costs on the bloc.
Trump is seeking to cool surging fuel prices ahead of the November midterm elections.
Trump told reporters at the White House before departing for Alabama that the US would not impose a diesel export ban. He said the plan was never really on the table, even though in the past two weeks he said several times that such a ban was under consideration, and that he supported the idea.
“Europe has a lot of diesel, and they’re going to be making a major world contribution, and so are we. And we’re not going to be doing the export ban. We’re going to be doing what we’re supposed to do,” Trump said.
The Iran war sparked the biggest emergency stock release ever of 400 million barrels in March, coordinated by the International Energy Agency.
“Taking into account commitments that have already been fulfilled, we will implement our commitments with a coordinated release through the IEA of 100 million barrels,” the G7 said in a joint statement.
It was uncertain how much of the petroleum in the new agreement would come from what remains from the March pact. IEA Executive Director Fatih Birol said this week that members had released about two-thirds of the 400-million-barrel agreement.
The release will begin immediately and last four months, with a substantial amount of diesel to be released within 20 days by G7 members and partners, the statement said.
It did not provide a breakdown of the volumes of crude, diesel and other products to be released or say which countries would participate.
“We will convene in the context of the IEA in the coming days to discuss the possibility of additional diesel releases as necessary,” the statement added.
“Europe has just agreed to release a massive amount of their heavily stocked Diesel Oil. The process will begin immediately,” Trump wrote in a post on Truth Social.
CAREER-LOW RATINGS
Trump is seeking to bring down fuel prices as he faces a career-low 32% approval rating in a Reuters/Ipsos poll, with voters particularly concerned about the cost of living. The poll, conducted September 17-20, found that just 17% of Americans approved of Trump’s handling of the cost of living.
The administration has made lowering energy prices a central focus as it seeks to ease the impact of the Iran war and high fuel costs on consumers and diesel-dependent industries such as trucking and farming.
The White House is preparing an executive order to tackle record-high US diesel prices that could be unveiled as early as next week, two people familiar with the process said.
The order is expected to include measures to expand the use of tax-exempt red-dyed diesel and other tax changes to lower fuel costs, the people said. Details are still being worked out and could change.
EXPORT BAN OFF TABLE
The G7 statement said member countries would refrain from imposing export restrictions on energy products among themselves, a move that could ease pressure on the Trump administration to impose a US diesel export ban.
“This is a political statement rather than a specific and binding commitment with the large headline number intended to persuade President Trump not to impose a diesel export ban,” analysts at Energy Aspects said in a note.
Europe has boosted its imports of US diesel this year as the Iran war disrupted supply from Gulf producers.
EU governments had discussed on Friday a proposal by France for European countries to release 50 million barrels of diesel, and for IEA members to release 50 million barrels of crude oil, three sources familiar with the discussions said.
A 50-million-barrel release of diesel would equate to approximately 17% of the EU’s total emergency stocks of diesel and gasoil, Eurostat data showed, or about 3% of the bloc’s annual consumption.
US diesel futures fell after reports of the stock-release discussions by 3.25% to $4.49 a gallon. Benchmark European diesel futures fell by roughly $83 per metric ton, down 5.75%, LSEG data showed.
Reporting by Kate Abnett and Jarrett Renshaw; Additional reporting by Forrest Crellin, Ahmad Ghaddar, Robert Harvey; Editing by Jason Neely, Timothy Gardner, Rod Nickel and David Gaffen
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