White House denies report US is considering a diesel export ban
Officials said a blanket ban is not under consideration, while advisers weigh voluntary steps and warn exports cuts could lift gasoline and jet fuel prices.
- On Wednesday, Energy Secretary Chris Wright denied reports of a 90-day diesel export ban, stating the administration is pursuing a "simpler, voluntary, cooperative fashion" to boost domestic supply without "blunt instruments" that reduce refining.
- President Donald Trump signaled support for an export ban on Tuesday, reflecting pressure from Republican lawmakers and farmers facing record fuel prices of $6.52 a gallon that are "KILLING FARMERS INCOME," according to Senator Chuck Grassley.
- The American Petroleum Institute warned that restricting exports would "remove the single largest source of global diesel," forcing refineries to cut runs and ultimately increasing costs for gasoline and jet fuel.
- US ultra-low-sulfur diesel futures fell 4% on Wednesday amid market volatility, though officials confirmed no final decision has been made regarding export restrictions.
- Wars in Iran and Ukraine have cut global exports, driving fuel prices to record levels and creating political liabilities for the Republican Party ahead of midterm elections, complicating the administration's search for energy relief.
88 Articles
88 Articles
White House denies plan for US diesel export ban
US ultra-low-sulfur diesel futures HOc1 fell 4% on Wednesday after Politico reported that the White House is preparing a plan to ban diesel exports for 90 days, which the Trump Administration denied. Average US diesel prices are sitting near record highs at $6.52 a gallon, according to AAA, straining the farming, transportation and other industrial […]
US diesel futures fall on report of export ban plan; White House calls it fake news
US diesel futures fell significantly following reports of a potential 90-day export ban. President Donald Trump expressed his support for the ban to manage rising fuel prices. However, US Energy Secretary Chris Wright indicated that such a ban may not effectively resolve the price issues. Diesel prices have surged due to supply cuts from major exporters like Russia and Saudi Arabia.
Chris Wright Doesn’t Think We’ll Have a Diesel Export Ban
Secretary of Energy Chris Wright threw cold water on a potential diesel export ban, telling Heatmap executive editor Robinson Meyer that the president “didn’t endorse it.”“We are open to any ideas to lower energy prices for Americans,” Wright said at our Heatmap House event at New York Climate Week.
US Energy Secretary Chris Wright said, however, that the US government was considering measures on a voluntary basis.
The White House called an article by the Politico newspaper about the intention to impose a ban on diesel exports for 90 days false information
The White House called an article by the Politico newspaper about the intention to impose a ban on diesel exports for 90 days false information. "This is another piece of news with false information from Politico," a White House official...
Aftenposten
Export bans could send prices here at home to new heights.
Coverage Details
Bias Distribution
- 45% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
