White House Considers Curbs On Fuel Exports Amid Diesel Squeeze ...Middle East

President Biden may order fuel distributors to keep greater inventories at home in a bid to ensure an adequate supply of heating oil for the Northeast, Energy Secretary Jennifer Granholm has said, as quoted by Bloomberg. The reason is a looming shortage of diesel and heating oil, especially in the Northeast, which the White House is worried may compromise the region’s energy security during peak heating season. Indeed, the Wall Street Journal reported this week that prices for heating oil in the Northeast could be up to 45 percent higher…

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