Trump Diesel Export Ban Could Raise Fuel Costs and Disrupt Britain’s Supply
- Reports of a possible 90-day United States diesel-export restriction have raised concerns in Brussels about European fuel supplies.
- European Commission spokesperson Olof Gill warned that a disruption could “risk negatively impacting both sides,” while the bloc monitors energy markets.
- The United States supplied about one-third of Europe’s diesel imports this year, with its share reportedly reaching about half in August.
- The proposed restriction could affect the United Kingdom, where the United States provides about one-third of diesel imports.
15 Articles
15 Articles
Goldman Warns Diesel Export Ban Would Send Gasoline Prices Higher
If the United States institutes a ban on diesel fuel exports, Goldman Sachs analysts estimate it would initially push prices lower. The effect, however, would only continue until storage space fills up, the bank warned. Amid reports on the possibility that Washington may suspend diesel fuel exports for a period of 90 days, the investment bank’s analysts calculated that the move, once in effect, could reduce diesel fuel prices by about $0.25 per …
The consequences of a US-sponsored ban on the export of diesel fuel could be catastrophic for Britain, as reported in the British newspaper Telegraph.
A possible US ban on diesel fuel exports would be a disaster for Britain, according to The Sunday Telegraph newspaper
A possible US ban on diesel fuel exports would be a disaster for Britain, according to The Sunday Telegraph newspaper.Such restrictions by Washington will increase competition for diesel fuel among European countries, which will inevitably lead to its...
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