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Diesel Export Ban Off The Table? Ted Cruz Relays White House Assurances To Refinery Heads
Diesel prices outside the US surged relative to American ones as the possibility of the Trump Administration introducing an export ban rattled the market.
Diesel prices hit $6.50 a gallon this week, a record high. The commodity impacts everyone across the global economy, whether you pump it or not
DIESEL CRACKS PLUNGE ON U.S. EXPORT BAN REPORT
U.S. diesel cracks fell $12.70 to $97.85/bbl after Politico reported the White House is preparing a 90-day diesel export ban.
Meanwhile, gasoline cracks jumped $2 to $47.41/bbl, reflecting concerns that lower diesel margins could force refiners to cut production and tighten gasoline supply.
European gasoil cracks also rose as markets priced in reduced U.S. diesel exports.
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Diesel surge costs European drivers €203mn per day
Diesel Surge Worsens Inflation Threat To Risk Assets
Diesel hits new all-time high of $6.51/gallon 🚨 🚨
Diesel Hits New Record Above $6.50 As Export Ban Fears Mount, Gasoline Squeeze Looms
Diesel prices rise above $6.50 for the first time in history.