European Diesel Prices Surge on US Export Ban Concerns
16 Articles
16 Articles
Diesel prices in the US are rising sharply, while exports are also growing. Therefore, demands for an export ban are growing louder. This would particularly affect Europe.
Prices at the Dutch pump will likely rise further if the US government bans diesel exports in the coming months. It is difficult to say exactly how much American diesel ends up in the Netherlands. A significant portion of Dutch diesel comes from the US, but due to international trade, American diesel can also enter our country via countries such as Norway and Turkey.
European diesel prices surge as Trump mulls 90-day US export ban
"We expect close partners to consult with each other before taking measures that affect common markets," Gill said.
EU launches diplomatic campaign to prevent Trump's diesel export ban
The Trump administration is threatening an export ban on diesel. Trump wants to push down the price of diesel in the US by doing so. Such a ban would actually drive up diesel prices and inflation in Europe and the Netherlands even further.
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