B · Normal
[Agency: If the United States implements a diesel export ban, it will cause supply shortages and push up oil prices] September 23, energy data agency Kpler said that if the United States implements a diesel export ban, global diesel supply will be in short supply and immediately push up diesel prices in Europe, Latin America and the West Coast of the United States. David Tonyan, senior distillate research analyst, said in a report on September 22: "There is currently no alternative source for the huge U.S. export volume." He said that the possibility of a ban is still "unlikely" and "will cause the U.S. refining industry to suffer millions of dollars in revenue losses and will also cause efficiency losses." Kpler pointed out that this potential export restriction would cut off the most important sources of diesel supply in Latin America and northwest Europe.
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