US urges Germany, France to release emergency diesel inventories

  • Trump administration urged Germany and France to release emergency diesel inventories.
  • Chris Wright said Europe should release diesel before harvest and winter heating seasons.
  • Three people close to discussions described a potential US diesel export ban.

The Trump administration has urged Germany and France to draw down emergency diesel inventories to help ease soaring global fuel prices, according to three people close to the discussions. US Energy Secretary Chris Wright told Fox News on Thursday that he was highly confident Europe would cooperate, citing the approaching harvest season and winter heating oil demand. Wright said diesel is available and suggested positive news was forthcoming. The countries could face a potential US diesel export ban if they do not release stocks, the people said.

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US urges Germany, France to release emergency diesel inventories - CoinPost Terminal