Goldman Warns Diesel Export Ban Would Send Gasoline Prices Higher
Goldman Sachs has raised its December Brent crude forecast to $105 a barrel from $90, citing war risks as prices fluctuate near that level amid conflicting reports on U.S.-Iran peace talks. Russia extended its diesel export ban until January 2027 but granted exemptions for 2.15 million tons in November following an arrangement with Donald Trump. Zero Russian diesel has reached the United States as tankers divert and buyers fear legal action, deepening a global supply crunch that has already driven prices higher in countries not purchasing fuel from Moscow.
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- ✓ Goldman Sachs raised its December Brent crude forecast to $105 a barrel from $90 due to war risks.
- ✓ Russia extended its diesel export ban until January 2027.
- ✓ Russia granted exemptions to ship 2.15 million tons of diesel in November following an arrangement with Donald Trump.
- ✓ Zero Russian diesel has reached the United States as tankers divert and buyers fear legal action.
What changed
Goldman Sachs increased its December Brent forecast to $105 from $90 while Russia formalized a diesel export ban extension to January 2027 with limited November exemptions.
Live updates
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Goldman Warns Diesel Export Ban Would Send Gasoline Prices Higher
Goldman Sachs has raised its December Brent crude forecast to $105 a barrel from $90, citing war risks as prices fluctuate near that level amid conflicting reports on U.S.-Iran peace talks. Russia extended its diesel export ban until January 2027 but granted exemptions for 2.15 million tons in November following an arrangement with Donald Trump. Zero Russian diesel has reached the United States as tankers divert and buyers fear legal action, deepening a global supply crunch that has already driven prices higher in countries not purchasing fuel from Moscow.
Why it matters
The diesel export restriction removes a major supply source from global markets, tightening distillate inventories and forcing refiners to shift yields toward diesel at the expense of gasoline output. Goldman's upward price revision reflects concern that sustained distillate scarcity will lift crude demand for refining margins, transmitting cost pressure to motor fuel. The Trump-arranged November exemptions provide only temporary relief and do not alter the structural deficit through 2026.
What is confirmed
- Goldman Sachs raised its December Brent crude forecast to $105 a barrel from $90 due to war risks.
- Russia extended its diesel export ban until January 2027.
- Russia granted exemptions to ship 2.15 million tons of diesel in November following an arrangement with Donald Trump.
- Zero Russian diesel has reached the United States as tankers divert and buyers fear legal action.
- The supply crunch has already driven prices higher in countries that do not purchase fuel from Moscow.
Still unconfirmed
- Conflicting reports exist regarding U.S.-Iran peace talks affecting Brent price fluctuations.
What to watch next
- Implementation and volume of November diesel export exemptions
- Progress or breakdown of U.S.-Iran negotiations
- Global distillate inventory draws through Q4 2026
confidence 88%Sources used for this update (2)
- www.ttnews.com — Diesel Fuel Price News | Transport Topics
- www.aljazeera.com — Why are oil traders refusing to buy Russian diesel after ...
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Russia Extends Diesel Export Ban to 2027 with Trump Carve-Out
Russia extended its diesel export ban until January 2027, though it granted exemptions to ship 2.15 million tons in November following an arrangement with Donald Trump. This move deepens a global supply crunch that has already driven prices higher in countries that do not purchase fuel from Moscow. Meanwhile, Goldman Sachs raised its December Brent crude forecast to $105 a barrel from $90 due to war risks, as Brent prices fluctuated around the $105 mark amid conflicting reports regarding U.S.-Iran peace talks.
Why it matters
Global diesel supplies are tightening due to refinery disruptions and export curbs. High fuel prices threaten to increase consumer costs and fuel inflation. The Trump administration is pressuring refiners to increase production to stabilize these costs.
What is confirmed
- Russia extended its diesel export ban until January 2027.
- Russia created exemptions to ship 2.15 million tons of diesel in November under an arrangement with Donald Trump.
- Goldman Sachs raised its December Brent crude forecast to $105 a barrel from $90.
Still unconfirmed
- U.S.-Iran peace talks are gaining momentum.
- Brent crude slipped below $105 following reports of U.S.-Iran peace talks.
What to watch next
- Confirmation of the 2.15 million ton diesel shipment in November
- Updates on U.S.-Iran peace negotiations
- December Brent crude price movements relative to the $105 forecast
confidence 90%Sources used for this update (5)
- economictimes.indiatimes.com — export ban: Latest News & Videos, Photos about export ban ...
- www.kyivpost.com — Russia Extends Diesel Export Ban to 2027 With Trump Carve ...
- oilprice.com — Trump Bombs Iran, Talks Peace, and Sends Oil Prices Tumbling | OilPrice.com
- finance.yahoo.com — Goldman Raises Oil Price Forecast for December as War Risks ...
- live.euronext.com — Russia's diesel export ban deepens global supply crunch | live
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Trump Rules Out Diesel Export Ban After European Pledges
Donald Trump ruled out a United States diesel export ban after European allies pledged to boost fuel availability. Global diesel supplies continue to tighten because of refinery disruptions and export curbs, driving crack spreads to record levels. The Trump administration is pushing domestic and international refiners to increase diesel production as persistent high fuel prices threaten to increase consumer costs and intensify inflation. Goldman Sachs reports that soaring tanker costs are squeezing refiners and threatening output, while intensive refinery maintenance work means tight refined product supply may persist.
Why it matters
Global energy disruptions and refining shortages have created a national diesel emergency, with prices surging across the United States. Experts argue that recent policy interventions and a diesel deal announced with Putin do little to lower fuel prices or help economic pressures. Tight refined oil supplies and Hormuz risks threaten to outlast upcoming political events.
What is confirmed
- Donald Trump ruled out a US diesel export ban after European allies pledged to boost fuel availability amid soaring prices and supply disruptions.
- Global diesel supplies are tightening as refinery disruptions and export curbs push crack spreads to record levels.
- The Trump administration is pushing domestic and international refiners to increase diesel production as high fuel prices persist.
- Goldman Sachs states that soaring tanker costs are squeezing refiners and threatening fuel output.
Still unconfirmed
- Experts argue the Russian diesel deal announced on October 9 could undercut Western economic pressure on Russia and solidarity efforts with Ukraine while doing little to lower fuel prices.
- Tightness in refined oil product supply may persist until refineries complete previously postponed maintenance work.
What to watch next
- Actions by domestic and international refiners to boost diesel production.
- Developments regarding European fuel availability and refined supply tightness.
confidence 95%Sources used for this update (11)
- www.wionews.com — Diesel crisis deepens as global supplies shrink, crack spreads hit record highs - WION,Latest World News
- www.wionews.com — Trump rules out US diesel export ban as Europe pledges ... - WION
- www.cfr.org — Trump’s Russian Diesel Deal, Explained
- www.tpr.org — What is driving the price of diesel higher? | TPR
- finance.yahoo.com — Trump Administration Pushes Refiners to Boost Diesel Output ...
- time.com — The Diesel Diversion: Trump’s Faulty Attempt to Blame Inflation on Ukraine
- vblgoldfix.substack.com — Goldman: Cheaper Crude But More Expensive Fuel - by VBL
- www.abc.net.au — Markets live: US staring down December and March rate hikes as Fed leaves rates on hold
- www.newsweek.com — Stop exporting America’s diesel advantage | Opinion - Newsweek
- www.bitget.com — Goldman Sachs: Tight refined oil supply may persist until ...
- discoveryalert.com — Gas Prices on Election Day: Why Diesel at $6.32 Is the Real Warning
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Trump Warns Diesel Export Ban May Raise Gasoline Prices
President Donald Trump stated on October 2, 2026, that banning U.S. diesel exports would likely increase gasoline prices. This warning follows retail diesel hitting a record $6 per gallon and gasoline reaching $4.43 per gallon. The EU has rejected the threat of such a ban as oil prices exceed $100. Simultaneously, Chevron CEO Mike Wirth warns that global energy buffers, including commercial stockpiles and emergency reserves, are exhausted, leaving the system exposed ahead of the U.S. midterms. The administration continues to weigh the policy daily.
Why it matters
Conflicts in Iran and Ukraine have already pushed diesel inventories 15% below average. U.S. lawmakers are divided, with some pushing for export bans to lower domestic costs while the government seeks emergency stock releases from France and Germany.
What is confirmed
- Retail diesel reached a record $6 per gallon.
- Gasoline prices climbed to $4.43 per gallon.
- Oil prices topped $100.
- President Donald Trump stated on October 2, 2026, that a diesel export ban would likely push gasoline prices higher.
Still unconfirmed
- The EU rejected the US diesel export ban threat.
- Chevron CEO Mike Wirth claims commercial stockpiles and emergency reserves have been tapped.
- President Macron urged G7 coordination on releasing fuel reserves.
What to watch next
- Decision by the Trump administration on the diesel export ban
- G7 coordination results on releasing fuel reserves
confidence 90%Sources used for this update (3)
- www.wionews.com — EU dismisses Trump’s diesel export curb threat ... - WION
- finance.yahoo.com — Chevron CEO warns oil buffers that cushioned the Iran war ...
- theuntamedtruth.com — Trump warns diesel export ban could lift gasoline prices
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Goldman Sachs Warns US Diesel Export Ban Would Raise Gasoline Prices
Goldman Sachs and industry analysts warn that a proposed US ban on diesel exports would increase wholesale prices and reduce supply. While Republican lawmakers push the prohibition to lower domestic costs, the US is simultaneously urging France and Germany to release emergency stocks. Current diesel inventories are 15% below average, exacerbating market volatility caused by conflicts in Iran and Ukraine. Goldman Sachs estimates a 50 million barrel release could affect the market, though it views planned Russian releases as insignificant to global pricing.
Why it matters
Global energy markets face instability due to geopolitical tensions in Ukraine and Iran. The US government is balancing domestic price pressures against the risk of roiling international markets.
What is confirmed
- Conflicts in Ukraine and Iran have caused major price swings in global energy markets.
- Republican legislators are advancing a diesel export prohibition to lower local costs.
Still unconfirmed
- Diesel inventories sit 15% below average.
- A 50 million barrel release could impact the market.
- Russian diesel releases will not influence global pricing.
What to watch next
- Q3 earnings reports from Valero, Exxon, and Williams
- Decision by US lawmakers on the diesel export ban
- Confirmation of emergency stock releases from France and Germany
confidence 85%Sources used for this update (3)
- www.cnbc.com — Trump's diesel dilemma — by the numbers - CNBC
- theconversation.com — Is the world pricing the risk of a US diesel export ban?
- discoveryalert.com — Diesel Shortage 2026: Which Energy Stocks Win the Squeeze
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US Pressures France and Germany Over Diesel Reserves
The United States is pressing France and Germany to release emergency diesel stocks to address climbing global fuel prices while threatening a potential ban on domestic diesel exports. Republican legislators are advancing the export prohibition to lower local costs, but energy analysts and industry groups warn the policy will reduce supply, trigger production cuts, and ultimately drive wholesale prices higher. Goldman Sachs projects that a potential 50 million barrel release could impact the market, although the firm dismisses the influence of planned Russian diesel releases on global pricing.
Why it matters
Global diesel supplies remain severely strained due to tight refinery capacity, keeping prices elevated as the market attempts to rebuild depleted inventories. The policy debate highlights a sharp conflict between legislative attempts to lower domestic fuel costs and industry warnings that export restrictions will backfire. Major energy producers like Chevron previously cautioned the White House against implementing trade curbs while international inventories remain under acute pressure.
What is confirmed
- The United States has urged France and Germany to release emergency diesel stocks and warned of a potential ban on US diesel exports.
- A proposed diesel export ban advanced by Republican legislators is opposed by energy analysts and industry groups who warn it will reduce supply and push prices higher.
Still unconfirmed
- Goldman Sachs sees little impact on global diesel prices from Russia's planned diesel releases.
What to watch next
- Decisions by European nations on whether to release emergency diesel stocks
- Formal White House action regarding the proposed US diesel export ban
confidence 90%Sources used for this update (5)
- www.wionews.com — Release diesel stocks or face export ban, US warns France Germany: Report
- help.naver.com — Futures Flat As Oil Rebounds After Trump's "Energy Ceasefire" Unravels, Memory Stocks Slide | ZeroHedge
- www.lawnews.co.uk — Diesel Export Ban Would Push Prices Higher, Not Lower
- investinglive.com — Goldman sees Europe reserve release cutting diesel by $11 but ...
- finance.yahoo.com — What Could Go Wrong At Chevron From Here? - Yahoo Finance
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Goldman Warns U.S. Diesel Ban Risks Driving Up Gasoline Prices
A proposed United States ban on diesel exports would temporarily lower domestic diesel costs by 25 cents per gallon each week but ultimately drive up gasoline prices and fan inflation for American consumers. Goldman Sachs reports that Latin America would suffer the most severe vulnerability to international fuel shortages under the trade restriction. Tight refinery capacity threatens to keep diesel prices elevated through 2027 to curb demand and rebuild depleted inventories. Meanwhile, Chevron leadership cautions the White House against implementing the policy while global inventories remain in a very serious situation.
Why it matters
Washington is debating aggressive policy measures to handle record-high fuel costs as global supply concerns ease. International buyers, particularly in Latin America, rely heavily on American fuel shipments. Restricting these exports risks worsening the global energy crisis.
What is confirmed
- Goldman Sachs warns that a U.S. diesel export ban would drive up gasoline costs and prove inflationary for American consumers.
- Latin America faces the highest vulnerability to international fuel shortages under the proposed trade restriction.
- Chevron CEO Mike Wirth warned Wednesday that a diesel export ban would be unwise and could worsen the global energy crisis.
Still unconfirmed
- Tight refinery capacity could keep diesel prices elevated through 2027 to curb demand and rebuild depleted inventories.
What to watch next
- Formal policy announcements from the White House regarding fuel exports
- Further updates from Goldman Sachs on refinery capacity and inventory levels
confidence 95%Sources used for this update (3)
- nypost.com — Chevron CEO warns against 'unwise' diesel export ban, says ...
- finance.yahoo.com — Chevron CEO Mike Wirth Warns White House Against Implementing ...
- www.europesays.com — U.S. Diesel Export Ban Would Hit Latin America Hardest: Goldman
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Goldman Warns U.S. Diesel Export Ban Risks Higher Inflation
Goldman Sachs warns that a proposed U.S. diesel export ban would drive up gasoline costs and prove inflationary for American consumers despite temporarily reducing domestic diesel prices by 25 cents per gallon each week. Latin America faces the highest vulnerability to international fuel shortages under the trade restriction. Meanwhile, tight refinery capacity could keep diesel prices elevated through 2027 to curb demand and rebuild depleted inventories. Chevron leadership cautions against the unwise policy proposal as broader supply concerns ease.
Why it matters
The debate over restricting fuel exports highlights complex trade-offs across surface, maritime, and aviation transportation sectors. Analysts note that refined product margins have widened significantly since March, intensifying market anxiety. At the same time, rising crude exports from the Middle East and an emergency G7 stockpile release have helped alleviate broader supply fears.
What is confirmed
- Goldman Sachs states that a U.S. ban on diesel exports would lower retail diesel prices by 25 cents a gallon weekly.
- Goldman analysts note that Latin America is most exposed to international fuel shortages under the export ban proposal.
- Goldman Sachs reports that tight refinery capacity could keep diesel prices elevated through 2027.
Still unconfirmed
- President Donald Trump considers a United States diesel export ban.
- Trump claimed record amounts of oil exited the Strait of Hormuz in late September according to Larry C. Johnson.
What to watch next
- Decisions by the U.S. administration regarding the formal implementation of a diesel export ban
- Shifts in G7 stockpile release impacts and Middle Eastern crude export volumes
confidence 95%Sources used for this update (5)
- www.cnbc.com — Goldman: Diesel prices may stay high through 2027 - CNBC
- legis1.com — Diesel Export Ban Involves Transportation Policy Tradeoffs
- www.cnbc.com — Chevron CEO warns against 'unwise' diesel export ban - CNBC
- silvertrade.com — Who Suffers the Most if the US Bans Diesel Exports?
- www.hellenicshippingnews.com — Who would be exposed if U.S. bans diesel exports? Goldman ...
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Goldman Analysts Warn Trump Diesel Export Ban Risk
President Donald Trump considers a United States diesel export ban, drawing warnings from Goldman Sachs about severe downstream fuel costs. Analysts calculate the suspension would temporarily lower domestic diesel prices by $0.25 per gallon weekly until storage fills, followed by a gasoline surge of $0.30 per week. Latin American nations including Ecuador, Chile, Mexico, and Peru face extreme vulnerability to international fuel shortages under the proposal. Meanwhile, Larry C. Johnson reports that Trump claimed record amounts of oil exited the Strait of Hormuz in late September.
Why it matters
The Goldman Sachs Group is a major multinational investment bank and financial services firm headquartered in New York City. The company ranks among the largest investment banks globally by revenue and functions as a systemically important financial institution. Its operations span market making, investment banking, asset management, and net interest income generation.
What is confirmed
- The Goldman Sachs Group is headquartered in the Battery Park City neighborhood of Manhattan in New York City.
- Goldman Sachs was founded in 1869.
Still unconfirmed
- President Donald Trump told reporters on September 27 that the United States took a record amount of oil out of the Hormuz Strait.
- Trump stated three days later that the United States took more oil out of the Hormuz Strait over the prior couple of days than at any point in history.
What to watch next
- Any official White House announcement regarding a formal diesel export ban.
- Further updates on Strait of Hormuz oil transit volumes and regional fuel inventory limits.
confidence 80%Sources used for this update (2)
- sonar21.com — If the Strait of Hormuz Is Gushing, Why Is Trump Raiding Europe’s Diesel Tanks?
- en.wikipedia.org — Goldman Sachs - Wikipedia
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Goldman Warns U.S. Diesel Export Ban Risks Higher Gas Costs
Goldman Sachs analysts warn that a potential United States diesel export ban under consideration by President Donald Trump would initially lower domestic diesel prices before causing a sharp spike in gasoline costs. Suspending shipments abroad could drop domestic diesel costs by $0.25 per gallon weekly until storage limits are reached, after which gasoline prices would surge by $0.30 per week. Latin America would face the most severe impact from the policy, with Ecuador, Chile, Mexico, and Peru heavily exposed to international fuel shortages.
Why it matters
The proposed policy aims to address high domestic fuel expenses ahead of the November midterms. However, financial analysts caution that the strategy would worsen international fuel shortages in regions such as Europe and Latin America.
What is confirmed
- Goldman Sachs warns that a potential United States diesel export ban under consideration by President Donald Trump would initially lower domestic diesel prices before causing a sharp spike in gasoline costs.
- According to Goldman Sachs analysts, suspending shipments abroad could drop domestic diesel costs by $0.25 per gallon weekly until storage limits are reached, after which gasoline prices would surge by $0.30 per week.
- Latin America would face the most severe impact if the U.S. banned diesel exports, with Ecuador, Chile, Mexico, and Peru heavily exposed.
What to watch next
- Official policy announcements from President Donald Trump regarding the diesel export ban.
- Reactions and retaliatory measures from Latin American nations heavily exposed to the export suspension.
confidence 100%Sources used for this update (3)
- www.gulf-times.com — tag - Gulf Times
- finvaulta.com — Who Would Be Exposed to a Ban on US Diesel Exports?
- www.gate.com — Goldman Sachs: U.S. Diesel Export Ban Would Hit Latin America ...
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Goldman Warns Diesel Export Ban Risks Higher Gasoline Prices
Goldman Sachs Group Inc. warns that a potential United States diesel export ban under consideration by President Donald Trump would initially lower domestic diesel prices before causing a sharp spike in gasoline costs. According to Goldman Sachs analysts, suspending shipments abroad could drop domestic diesel costs by $0.25 per gallon weekly until storage limits are reached, after which gasoline prices would surge by $0.30 per week. The proposed policy aims to address high domestic fuel expenses before the November midterms, but financial analysts caution that the strategy would also worsen international fuel shortages in Europe and Latin America.
Why it matters
President Donald Trump is seriously considering curbs on diesel shipments to lower domestic fuel costs. Prediction market traders currently view a broad prohibition this month as unlikely despite the administration exploring the option. Financial institutions warn that disrupting refinery output and trade flows could produce severe unintended consequences for both motorists and international allies.
What is confirmed
- President Donald Trump is considering a partial or full ban on United States diesel exports to lower domestic costs.
- Goldman Sachs analysts calculate that suspending diesel exports would initially cut domestic diesel prices by $0.25 per gallon weekly.
- Goldman Sachs warns that gasoline prices would surge by $0.30 per week after storage capacities reach their limits.
- A diesel export restriction would exacerbate fuel shortages in international regions such as Europe and Latin America.
Still unconfirmed
- Prediction market traders view a broad prohibition of diesel exports this month as unlikely.
What to watch next
- Official policy announcements or executive actions by President Donald Trump regarding diesel export restrictions.
- Shifts in prediction market odds regarding the likelihood of a temporary fuel export ban ahead of the November midterms.
- Refinery adjustments and storage capacity metrics reported by industry analysts.
confidence 90%Sources used for this update (3)
- newrepublic.com — Banning Diesel Exports Won’t Solve Trump’s Biggest Problem
- www.fool.com — President Donald Trump Is "Very Seriously" Thinking About Curbing Diesel Exports, but the Repercussions Could Be Disastrous
- congress.net — Goldman Sachs (GS) Warns Diesel Export Ban Would Spike Gas ...
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Goldman Sachs Warns US Diesel Export Ban Would Spike Gasoline Prices
President Donald Trump is weighing a potential temporary ban on United States diesel exports to address high domestic fuel costs ahead of the November midterms, though prediction market traders view a broad prohibition this month as unlikely. Goldman Sachs analysts calculate that suspending diesel exports could initially cut domestic diesel prices by $0.25 per gallon weekly until storage capacities reach capacity limits. Following that initial drop, the investment bank warns that gasoline prices would surge by $0.30 per week while exacerbating fuel shortages in international regions like Latin America and Europe.
Why it matters
The White House is evaluating multiple options to curb soaring fuel prices before the upcoming midterm elections. A strict embargo on diesel shipments carries severe unintended consequences for domestic drivers and international markets. Prediction market traders currently consider a sweeping export ban this month to be a long shot.
What is confirmed
- President Donald Trump is weighing a U.S. diesel export ban.
- Polymarket puts the probability of the U.S. announcing a broad diesel export ban by October as a long shot according to traders.
What to watch next
- Official White House announcements regarding a potential 90-day diesel export embargo.
- Shifts in Polymarket odds regarding the timing of any U.S. export restrictions.
- Further market analyses on domestic fuel inventories and refinery capacities.
confidence 95%Sources used for this update (6)
- www.foxbusiness.com — Economic Indicators
- fortune.com — Yann LeCun: Anthropic CEO Dario Amodei is ‘deluded,’ ‘crazy,’ and doesn’t understand cybersecur....
- finance.yahoo.com — Could Trump Ban Diesel Exports? Here's What Prediction Markets Say
- investinglive.com — Goldman Sachs: A US diesel export ban would backfire on ...
- wallmanac.com — 트럼프 디젤 수출 금지 검토에 골드만삭스 '미국 휘발유값 오히려 오른다' 경고
- energyheadlines.com — Goldman Warns Diesel Export Ban Would Send Gasoline Prices ...
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Goldman Warns Diesel Export Ban Risks Higher Gasoline Prices
The White House is weighing a potential temporary ban on United States diesel exports to counter record-high domestic fuel prices as the November midterms approach. President Trump stated his administration is reviewing the embargo very seriously, though his team is also evaluating three alternative measures short of a full ban. According to Goldman Sachs, cutting off diesel exports would initially reduce domestic diesel prices by $0.25 per gallon weekly until storage facilities fill up. However, analysts warn the policy would subsequently push gasoline prices higher by $0.30 per week and worsen energy crises in Europe and Latin America.
Why it matters
The United States is currently grappling with a severe global diesel and aviation fuel shortage that has removed 1.6 million barrels per day of exports from the market. Although American refineries theoretically serve as a global safety valve, domestic output is fully committed to rising local demand and heavy export obligations rather than sitting on a surplus. Implementing an export restriction risks triggering an intense price spiral that threatens foreign economies and domestic drivers alike.
What is confirmed
- President Trump is considering a temporary ban on United States diesel exports very seriously to combat record-high domestic fuel prices ahead of the November midterms.
- Goldman Sachs projects that a diesel export ban would initially cut diesel prices by $0.25 a gallon weekly until storage fills up.
- Goldman Sachs warns that a diesel export ban would subsequently lift gasoline prices by $0.30 a week.
- The White House is evaluating three alternative options short of a complete embargo, including red-dyed diesel tax relief.
Still unconfirmed
- Cash-only gold purchases in India are growing rapidly, offering buyers discounts of up to $200 per ounce or 6 to 10 percent.
What to watch next
- Decisions by the White House on whether to implement the diesel export ban or pursue alternative tax relief options.
- Official announcements regarding the three measures under consideration that fall short of a full embargo.
confidence 95%Sources used for this update (17)
- nytimes.com — Why a U.S. Diesel Export Ban May Not Lower Prices
- CNN — Trump wants to take a page out of the Biden energy playbook
- english.elpais.com — Trump’s plan to ban diesel exports aggravates Europe and Latin America’s energy crisis
- english.elpais.com — Trump’s plan to ban diesel exports aggravates Europe and Latin America’s energy crisis
- www.zerohedge.com — Futures Tumble As Yields Hit Multi-Decade Highs, Oil Surges | ZeroHedge
- sonar21.com — America’s Diesel Surplus Is an Illusion
- Deseret News — Opinion: Why the proposed diesel ban could backfire on American drivers
- Reuters — Goldman expects initial diesel price decline under US export curbs
- CNBC — Trump ‘very seriously’ considering diesel export ban as global supply crunch worsens
- Crude Oil Prices Today | OilPrice.com — Goldman Warns Diesel Export Ban Would Send Gasoline Prices Higher
- Reuters — White House weighs red-dyed diesel tax relief to lower fuel prices
- Yahoo Finance — Trump sounds less than sold on a diesel export embargo as his team weighs 3 options short of a ban
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