Trump says US won’t ban diesel exports
The release begins immediately and includes a frontloaded diesel shipment within 20 days, while the G7 said it will avoid export restrictions.
- On Oct 2, President Donald Trump announced the United States will not impose a diesel export ban, praising European countries for releasing fuel from strategic reserves.
- The Group of Seven nations agreed Friday to release 100 million barrels of diesel and crude oil from emergency reserves over four months to ease global energy supply concerns fueled by the Iran conflict.
- Although the administration signaled it was considering an export ban as recently as Thursday, Trump stated on Oct 2 that the measure was "never really on the table" for the United States.
- Praising the decision, Trump said, "Europe has a lot of diesel, and they're going to be making a major world contribution, and so are we."
- The Republican Party faces losing control of Congress in midterm elections next month amid voter anger over energy prices and the conflict involving Iran.
388 Articles
388 Articles
The G7 states have released diesel stocks – the US government wants to do without an export ban in return. According to SPIEGEL information, the EU Commission and several member states consider this to be not credible.
In addition, they also agreed not to ban exports between member countries, as they threatened to do the United States. "It has been decided to release strategic reserves of diesel and crude under the coordination of the International Energy Agency (...) in order to release up to 100 million barrels in the next four months," said French President Emmanuel Macron, at the end of a G7 video conference chaired by France. The measure will mean putting…
There will be no ban on the export of American diesel, now that European countries in particular have promised to release large quantities of diesel from reserve stocks...
The International Energy Agency (IEA) has announced the release of 325 million barrels of emergency reserves since last March, exceeding 80% of the pledged amounts, amid increasing pressure on diesel supplies.
Around 325 million barrels of 400 million pledged in March have been released, says agency chief
Coverage Details
Bias Distribution
- 47% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
