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Summary WTI trades at $12.02 a barrel below Brent, widest discount since May 6 Analysts say diesel export ban could cut US refinery crude runs by 12% US energy secretary gauges refiners’ support for voluntary export restraint, sources say HOUSTON, Sept 25 (Reuters) – Washington’s talk of a possible ban on diesel exports is …
(Reuters) – US Energy Secretary Chris Wright has contacted executives at several major American refiners in recent days to gauge support for a voluntary restriction on diesel exports as the Trump administration searches for an alternative to a short-term ban, according to three people familiar with the discussions. The effort to enlist companies voluntarily underscores …
US Energy Secretary Seeks Refiners’ Help Amid Narrow Options to Curb Diesel Price Read More »
By Nicole Jao Wright’s stance is unusual inside typically loyal Trump cabinet Republicans face intensifying voter backlash over fuel costs ahead of midterm elections TACenergy analysts say refiners would cut run rates if overseas sales were blocked NEW YORK, Sept 23 (Reuters) – US Energy Secretary Chris Wright on Wednesday said a US ban on …
PUSHING BACK: US Energy Secretary Wright Says Diesel Export Ban Won’t Work Read More »
(Reuters) – US ultra-low-sulfur diesel futures fell more than 6% on Wednesday after Politico reported the administration of US President Donald Trump is preparing a plan to ban diesel exports for 90 days. The October futures contract was last trading at $4.7512 a gallon, down 3.9%. Diesel prices have shot to record highs in the …
US Diesel Futures Fall After Report of Export Ban Plan Read More »
By Andrew Mills Sept 23 – US President Donald Trump’s UNGA sidelines meeting with Gulf leaders this week delivered a familiar bit of Trumpian theatre: after boasting that US naval escorts had shepherded more than a billion barrels of Gulf oil, he turned to Qatar’s Emir Sheikh Tamim bin Hamad Al Thani and quipped: “That’s …
US President Donald Trump on Tuesday said he backed the idea of a diesel export ban as a way to lower prices that have hit record highs due to a global supply shortage. But analysts and market watchers warn that such a measure would do little to ease high energy prices, and could worsen supply …
Ban on US Diesel Exports Would Hurt, Not Help, Fuel Market Analysts Say Read More »
(Reuters) – President Donald Trump on Tuesday said he backed the idea of a ban on diesel exports, which some US politicians are calling for as a way to curb the soaring cost of energy. Diesel prices have rallied in Europe and the US to record highs as wars in Iran and Ukraine sharply cut …
Trump Says He Backs the Idea of a Ban on Diesel Exports Read More »
By API – American Petroleum Institute Historic disruption to global refining output has taken millions of barrels per day of diesel off the market. And the impact is showing up in prices all over the world — including here in the U.S. American refineries have been running at record rates for months to help supply markets …
Summary North American diesel storage available for lease hits four-year high in October, The Tank Tiger says US diesel stocks lowest for this time of year on record, EIA says EIA forecasts US distillate inventories below 100 million barrels in September through end-2026 (Reuters) – A global diesel shortage fueled by wars in Iran and …
Global Diesel Shortage Likely to Last into 2027 as Storage Tanks Drain Read More »
(Reuters) – Unlike crude oil or gasoline, diesel rarely makes front-page news, yet it now has U.S. President Donald Trump’s full attention. Spiking prices for the fuel threaten to push inflation much higher, and taming it will be an epic challenge. Trump has recently shifted his focus from domestic gasoline prices to diesel. Last week, …
Record Diesel Prices Could be Trump’s Achilles’ Heel: Bousso Read More »
