DIESEL: Trump’s Fuel Export Ban Threat Sends European Diesel Soaring
President Donald Trump's push to ban American diesel exports sent European prices for the fuel surging, while US futures came under pressure, * With flows from the region's top supplier at risk, European diesel cracks crude jumped to more than $95/b Sep. 23, a record in Bloomberg data going back to 2011. * Trump's threat comes as Europe is already grappling with the loss of diesel shipments from the Middle East, and Russian export curbs have tightened the global fuel market further. * The U.S. has become Europe's main overseas supplier, with American exports of the workhorse fuel surging to a weekly record near 2m b/d last month. * While the Middle East conflict has brought flows of petroleum products through the Strait of Hormuz down to a trickle. Moscow is also set to extend its diesel ban as Ukraine continues to hit Russia's oil refineries. Finance L.P.
President Donald Trump's push to ban American diesel exports sent European prices for the fuel surging, while US futures came under pressure, * With flows from the region's top supplier at risk, European diesel cracks crude jumped to more than $95/b Sep. 23, a record in Bloomberg data going back to 2011. * Trump's threat comes as Europe is already grappling with the loss of diesel shipments from the Middle East, and Russian export curbs have tightened the global fuel market further. S.
has become Europe's main overseas supplier, with American exports of the workhorse fuel surging to a weekly record near 2m b/d last month. * While the Middle East conflict has brought flows of petroleum products through the Strait of Hormuz down to a trickle. Moscow is also set to extend its diesel ban as Ukraine continues to hit Russia's oil refineries. P.