Trump: Not Going to Be Doing Diesel Export Ban
- On Friday, European nations agreed to release 100 million barrels of oil and diesel to help curb global fuel prices, with the International Energy Agency coordinating the four-month effort.
- The Trump administration pressured European allies to draw from emergency inventories to lower prices and alleviate global supply constraints ahead of midterm elections.
- This release could ease The White House's consideration of imposing a diesel export ban, which would further tighten global supplies and raise prices if enacted.
- An executive order expected to include measures expanding red-dyed diesel use and tax changes to lower fuel costs is being prepared; Reuters reports announcement could come as early as next week.
- European nations plan a frontloaded substantial diesel release within the first 20 days, targeting immediate relief while the broader four-month release strategy unfolds across emergency stockpiles.
22 Articles
22 Articles
Trump: not going to be doing diesel export ban
WASHINGTON, Oct 2 (Reuters) – US President Donald Trump said on Friday that he will not authorize an export ban on diesel, hours after G7 countries agreed to release diesel and crude oil from their emergency reserves. (Reporting by Nandita Bose, Daphne Psaledakis and Ismail Shakil)
Trump nixes risky midterm plan in surprise turnaround: ‘We were never going to do it’
President Donald Trump on Friday abruptly backed away from a controversial plan to ban U.S. diesel exports that had been floated as a way to drive down fuel prices ahead of the midterm elections.“We’re not going to be doing the export ban,” Trump told reporters outside the White House before departi...
U.S. President Donald Trump said he had abandoned the idea of a temporary ban on the export of diesel fuel. "We will not impose an export ban," said Trump to the White House journalists.
Donald Trump praised Europe for agreeing to release large quantities from its diesel reserves. "It was exceptional," said the president talking to journalists before leaving for Alabama. (ANSA)
The United States will not impose a ban on the export of diesel fuel, writes Reuters with reference to Donald Trump
The United States will not impose a ban on the export of diesel fuel, writes Reuters with reference to Donald Trump. "The issue of banning exports has never really been considered. We have very good relations with Europe," the US president...
Daily on Energy: Europe lets the diesel flow
WHAT’S HAPPENING TODAY: Good afternoon and happy Friday, readers! Fall festivities are in full swing in the D.C. area with the annual Oktoberfest happening at The Wharf this weekend. The second annual DC Coffee Festival will also host some of the area’s top coffee roasters. ☕🍂 Check out all the events happening this weekend here. […]
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