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US heating oil prices fell to around $4.80 per gallon, retreating further from last week’s record high above $5.20, after reports that the Trump administration is preparing a plan to ban diesel exports for 90 days. The proposal faces divisions within the administration and the oil industry as Washington seeks to bring
Volodymyr Zelenskiy will meet Donald Trump at the United Nations in New York on Tuesday to push for an energy truce with Russia.
Low-sulphur gasoil futures traded at $82.50 a barrel above Brent crude futures, down $6.02 from the previous close.
U.S. President Trump said Russia has lost control of its diesel industry amid the conflict with Ukraine, adding that numerous Russian diesel refineries have been destroyed and are at least temporarily offline. He called for an end to the conflict.