EU Warns Proposed U.S. Diesel Export Ban Could Raise Costs on Both Sides
publishers 12articles 18first reported 23 Sep, 18:04 UTCdeveloping since 22 Sep · 6 editions
The European Union has expressed concern over President Donald Trump’s consideration of restrictions on U.S. diesel exports, warning that disrupting trade could hurt both Europe and the United States.
Trump has publicly called for keeping more diesel in the country as U.S. prices reach record levels. The Guardian reported that he is considering a 90-day export ban intended to provide relief to American consumers before the midterm elections. U.S. diesel recently averaged about $6.52 a gallon.
Olof Gill, a European Commission spokesperson, said Thursday that “any disruption would risk negatively impacting both sides” and urged close partners to consult before taking action affecting shared markets. U.S. Energy Secretary Chris Wright has also described an export ban as a “blunt tool” that could damage domestic fuel supplies over the longer term.
Europe has become increasingly reliant on American diesel amid reduced supplies from refineries in Russia and the Middle East. U.S. shipments accounted for about one-third of European diesel imports this year and roughly half by August, according to The Guardian.
Europe produces about 70% of the diesel it consumes and maintains fuel reserves, making widespread shortages unlikely. However, analysts at Argus Media said replacing U.S. cargoes would be difficult and could force European buyers to compete for other supplies, driving global prices higher. Industry critics also argue that lower domestic refining margins could eventually prompt U.S. producers to reduce output.
HOW THIS STORY WAS MADE
Written from 8 articles, 3 with the publisher's own text; 7 independent newsrooms once syndicated copies count as one (6 if wire copies count as one too); this version written 42 h after the record first saw the story; the editor kept it as written.
- Publishers
- 12
- Source articles
- 18
- Given to the writer
- 8, 3 with the article's own text
- Independent newsrooms
- 7 (6 if wire copies count as one)
- This version written
- 42 h after the record first saw the story
- Second model (editor)
- kept as written
- Publication gate
- passed
- Human review
- none
Written by a language model from the sources above, then checked by a second model that may only cut, attribute or correct. How it works →