White House urges EU to draw down diesel inventories, sources say
The administration is weighing a diesel export ban and other steps as prices hit record highs and pressure builds on farmers and truckers.
- On Thursday, the Trump administration urged European Union nations, specifically France and Germany, to draw down emergency diesel inventories or face a potential 90-day diesel export ban.
- Soaring diesel prices have become a political liability for Republicans ahead of November's midterm elections, with US officials frustrated that several European countries failed to fulfill earlier International Energy Agency stock-release commitments.
- France and Germany hold about 35% of the bloc's strategic diesel reserves. Washington seeks 120 million barrels released, while analysts warn a broad export ban could strand up to 1.5 million barrels daily.
- European Commission officials alongside representatives from Britain, France, Italy, and Ireland held calls Thursday to discuss potential stockpile releases. British officials are negotiating with Washington seeking exemptions from restrictions.
- Energy Secretary Chris Wright distanced himself from an outright ban, saying "the blunt tool of banning diesel exports definitely doesn't work." He prefers voluntary limits and expects European announcements soon.
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Washington is pressuring Europeans to immediately release diesel stocks, raising tensions in transatlantic relations. Emergency consultations in Brussels.
The US is an important supplier of diesel to the EU, providing more than half of European imports of this fuel.
Dnevni list Danas
US President Donald Trump said he may ask European countries to release some of their diesel reserves as he considers banning US exports of the fuel from his country.
The US threatens to ban diesel exports to force Europe to release reserves, they support sources familiar with talks. The threat could be quickly materialized because Donald Trump wants to reduce fuel prices in the US before the November elections. The US article threatens Europe with the ban on diesel exports / Brent's oil price rose by 4% first appears on Romania TV.
United States President Donald Trump's administration has asked France and Germany to subtract amounts of emergency diesel stocks to help reduce global fuel prices, warning against a possible United States ban on diesel exports from both countries if they do not respond to the demand.
US Warns France and Germany: Release Diesel Stocks or Face Export Ban
The Trump administration has urged Germany and France to reduce their emergency diesel supplies to help lower rising global fuel prices, or they may face a potential US ban on diesel exports. This warning intensifies pressure on Europe as President Trump considers actions to lower US fuel prices before the midterm elections. The relationship between […]
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