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Summary Lawmakers say diesel deal contravenes law Republican Senator Barrasso says deal aimed at lowering diesel costs Canada’s Carney says deal undermines allies’ efforts Oct 11 – Republican and Democratic US senators called on President Donald Trump on Sunday to “reverse course” on his diesel supply deal with Russia, saying it runs counter to US …
(Reuters) – US President Donald Trump said on Friday there would be “big news” on diesel, as prices of that fuel remain at near record highs in the weeks before Nov. 3 congressional elections that will determine control of Congress. “We have a big announcement coming up on diesel,” Trump said without elaborating at a …
WASHINGTON, Oct 5 (Reuters) – U.S. President Donald Trump, under pressure from rising energy prices fueled by the war in Iran, on Monday tried to shift the blame for high gasoline prices to the Democrats and Ukraine’s attacks on Russian refineries. “What’s driving up Gasoline is no longer the Strait of Hormuz, because Record Numbers …
As Iran War Drives Up Gasoline Prices in US, Trump Blames Ukraine, Democrats Read More »
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
Governments are facing US pressure to release some diesel reserves By Suzanne Lynch The transatlantic relationship has run into a fresh roadblock — this time over energy. As diesel prices soar, US President Donald Trump has been pressuring European governments to release some of their strategic fuel reserves, threatening an export ban if they don’t …
Trump Turns the Screws on Europe Over Energy Prices Read More »
PARIS, Oct 2 (Reuters) – The G7 group of nations will undertake a co-ordinated release of 100 million barrels of diesel and other reserves through the International Energy Agency (IEA) to try and stabilise world energy markets, according to a joint G7 leaders’ statement on Friday. “We will implement our commitments with a coordinated release …
G7 to Release 100 Million Barrels of Diesel and Other Reserves Through IEA Read More »
By API – American Petroleum Institute Diesel prices are under pressure as a global refining crisis has reduced fuel supplies and left little spare capacity to replace lost barrels. As Washington looks for short-term relief, one proposal gained attention last week: banning or restricting U.S. diesel exports. Analysts, economists and industry voices warned it could make …
(Reuters) – US President Donald Trump said on Wednesday that he has conversations about banning diesel exports “every day” as the White House races to curb soaring energy prices. Speaking from the Oval Office, Trump said that an export ban would “have a negative impact on gasoline” prices, but could lower diesel costs. He said …
Trump Says He is Still Considering Diesel Export Ban Read More »
(Reuters) – The White House is considering regulatory relief that would allow broader sales of red-dyed diesel as part of an effort to bring down soaring prices, a move that could allow some buyers to avoid the federal fuel tax, according to two people familiar with the discussions. The red-dye proposal has emerged from days …
White House Weighs Red-Dyed Diesel Tax Relief to Lower Fuel Prices Read More »
(Reuters) – Goldman Sachs said on Saturday that a US diesel export ban would initially put moderate downward pressure on diesel prices, and that restrictions on exports, including quotas, were a plausible outcome. Here are a few details: US President Donald Trump on Tuesday backed the idea of banning US diesel exports, with the US …
Goldman Expects Initial Diesel Price Decline Under US Export Curbs Read More »
