Everyone willing to take measures to stabilize oil market, France says

Everyone is willing to take measures to stabilise the oil market, including the United States, French finance minister Roland Lescure said on Tuesday.

Lescure said energy ministers from the Group of Seven countries — France, Japan, Germany, Italy, the U.S., Canada and Britain — had asked the International Energy Agency to elaborate scenarios for a potential oil stockpile release.

"Everyone is willing to take measures to stabilize the market, including the United States," he told journalists on the sidelines of a nuclear summit in Paris.

"We have asked the IEA to elaborate scenarios for a potential oil stock release, we need to be ready to act at any moment."

The minister said the next steps on a potential decision to release emergency oil stockpiles would involve the IEA's governing board meeting on Tuesday afternoon.

-Reporting by America Hernandez and Forrest Crellin; Writing by Makini Brice; Editing by Dominique Vidalon/Reuters