Oil industry warns a diesel export ban will raise fuel prices as Trump weighs restrictions
A diesel export ban would provide only brief relief before prices start to rise again as refiners cut production, experts say.
A diesel export ban would provide only brief relief before prices start to rise again as refiners cut production, experts say. Grouped from 8 articles across 4 sources.
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A diesel export ban would provide only brief relief before prices start to rise again as refiners cut production, experts say.
High fuel prices are a vulnerability for Trump in the Nov 3 midterm elections.
UNITED NATIONS, Sept 22 - US President Donald Trump said on Tuesday he backed the idea of a ban on diesel exports, which lawmakers from farm states are calling for as a way to curb the soaring cost of energy.
Wars in Iran and Ukraine have sharply cut exports from large producers such as Russia, Saudi Arabia and the UAE
Suspending foreign sales of the vital fuel may look good in the short term but the US would soon suffer
Any move by Washington to suspend foreign sales would be ‘catastrophic’ for global supplies, analysts warn
Support for suspending foreign sales comes as conflicts in Middle East and Ukraine send price of vital fuel soaring
Republican lawmakers have called for an export ban as high diesel prices hit farmers and truckers ahead of the November midterm elections.
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The news organisations are scheduled to make their case to a US district judge on Wednesday afternoon. Grouped from 3 articles across 3 sources.
Oil prices were mixed Wednesday, amid hopes of a diplomatic solution to the conflict in the Middle East after Iran and the U.S. had talks. Grouped from 4 articles across 3 sources.
The DOJ on Tuesday night cited national security concerns in justifying President Trump's ban of MS NOW, CNN and Politico from the White House. Grouped from 3 articles across 3 sources.
Shortage of biggest supertankers has more than doubled rates on key Middle East-China routes since late August
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