US Seeks Voluntary Diesel Export Limits
US Energy Secretary Chris Wright is asking major refiners to voluntarily limit diesel exports as the administration searches for ways to curb rising fuel costs. The push comes amid soaring prices and political pressure ahead of midterm elections.
Insights:
United States Energy Secretary Chris Wright contacted major refiners during the overnight hours to gauge support for voluntary diesel export restrictions. The outreach follows President Donald Trump's surprise support for export curbs amid rising inflation. Surging fuel costs threaten the administration ahead of November midterm elections.
