U.S. Threatens Diesel Export Ban Unless Europe Releases Stockpiles ...Middle East

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U.S. Threatens Diesel Export Ban Unless Europe Releases Stockpiles
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The U.S. Administration has urged Germany and France, Europe’s largest economies that hold a sizeable chunk of the EU’s emergency reserves, to release diesel from emergency stockpiles or face a potential U.S. diesel export ban, sources close to the discussions told Reuters on Thursday. Since crude oil prices jumped again in September to above $100 per barrel and the global fuel markets, especially for diesel, continued to tighten, diesel prices hit record highs in many countries, including in the United States.   The U.S. Administration…

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