Trump rules out a US diesel export ban
- Trump said the US would not ban diesel exports
- European nations will expand fuel availability within the market
- Lower risk of export curbs supports fuel availability for Indian refiners and fuel buyers
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Topic
Diesel▲ +33% net tone today
- G7 plans to release 100 mn barrels of diesel and other reserves through the IEA
- Macron plans a G7 leaders’ call as the US pressures allies to release diesel stocks
- The UK average diesel pump price hit £2 per litre for the first time
Often with, this weekFuel prices37Trade and tariffs26Crude oil25Oil and gas companies19Donald Trump16
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103 Oct
G7 agrees to release 100 million barrels of oil and fuel over four months
- The release will include crude oil and diesel from emergency reserves
- The four-month release aims to ease fuel shortages and soaring prices
- Lower oil prices could benefit Indian fuel retailers and oil-importing sectors
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G7 to release 100 million barrels of oil reserves through IEA
- The co-ordinated release includes frontloaded diesel supplies to stabilise global energy markets
- Lower crude and diesel prices could ease costs for Indian refiners and fuel retailers