Following a reported US threat to ban diesel exports, a White House official tells Al Jazeera that it is in Europe’s “best interests” to work with Washington as they “pursue multiple pathways to boost the supply of refined products and lowers costs for consumers”.
The official explains that they “work every day for weeks, for months on this issue”, adding, “I think you’ll see them [diesel prices] move meaningfully down in the coming weeks and days, and we’ll have some announcements about that.”
According to the official, the US is “tight on diesel because we’ve lost diesel exports from Russia … some diesel exports from the Middle East, although we’re restoring those, and we’ve lost diesel exports from China.
“So, that’s a lot of interruptions. But American refiners are running at record highs,” they add, stating that announcements from Europe about new supplies will also push prices down.
