DIESEL: US Diesel Export Ban Still Unlikely: Kpler

A US ban on diesel exports would immediately drive up prices across Europe, Latin America and America's West Coast, according to Kpler cited. * It would "starve" the world of supplies as "there is no replacement to the US' massive export volume," said David Tonyan. * A ban is still unlikely and "would cost the US refining industry millions in lost revenue and inefficiencies," he said * Export curbs will cut off Latin America and Northwest Europe from their primary diesel supplier and would impact the Mediterranean region which has already lost Russian exports. * Unless some Mideast flows normalise, sanctions on Russian entities and winter specification requirements will force Northwest Europe to seek supply from further East and Canada, raising competition for Indian diesel. * US Gulf Coast, Midwest and East Coast prices may decline but a drop in benchmark Nymex heating oil prices is needed before retail levels fall.