B · Normal
[The U.S. reportedly asked Germany and France to use emergency diesel reserves to ease global fuel prices] October 1, Reuters reported today (October 1), citing three people familiar with the matter, that the U.S. government has told Germany and France to use emergency diesel reserves to ease global fuel prices, otherwise they will face a possible diesel export ban by the United States. In recent years, the United States has accounted for an increasing share of Europe's diesel supply. Recently, as the average retail price of diesel in the United States has soared and inflationary pressure has threatened the mid-term election, U.S. President Trump has launched emergency consultations with his advisers to discuss whether to implement a diesel export ban. Trump said on September 30, local time, that he was still evaluating options to stabilize oil prices, including an export ban. He also admitted that although the ban would lower diesel prices, it may put upward pressure on gasoline prices. (CCTV International News)
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