Europe Considers Releasing Diesel Reserves
European officials are discussing the potential release of diesel reserves following U.S. President Trump's suggestion that the U.S. might curb diesel exports due to soaring prices.
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10:56:42 AM UTC
SquawkNews
Prices have soared this year, trading as high as $200 a barrel in recent weeks, after the US-Iran war hit refineries worldwide and Russia banned exports as part of its war with Ukraine. China has also recently announced a limit on fuel exports.Further adding to the pressure, Trump — who is currentl…
S. could curb diesel exports in response to soaring prices. The European Commission, the EU’s executive body, met with representatives from EU countries on the matter.