Oil prices lower as G7 nations to release diesel stocks, Saudis reportedly plan attack on Houthis
European Union nations were due to meet with the European Commission on Friday to discuss a response to rising diesel prices, according to reports. The meeting followed a US appeal for European allies to release strategic fuel reserves.
US President Donald Trump has considered restricting diesel exports, but said he was weighing warnings from senior officials that a broad ban could raise the cost of other fuels, including gasoline. Energy Secretary Chris Wright said European supplies could provide some relief.
EU trade chief Maros Sefcovic said a US export ban would be unexpected for Europeans. He said the United States and the EU had agreed to remain in close contact on the issue.
Where this came from
CNBC did not allow its article to be shown here. This version was written by Sureno, in its own words, from other reporting:
- Free Malaysia Today | FMT — Trump downplays diesel export ban over impact on other fuels
- english.aawsat.com — EU Nations to Hold Emergency Meeting on Soaring Diesel Prices amid US Pressure
- ECR — EU nations to hold emergency meeting on soaring diesel prices amid US pressure