Trump said the US is 'very seriously' considering restricting diesel exports. He blamed attacks on Russian refineries for fuel pressures. Energy Secretary Wright favors voluntary limits. Senator Cruz said the White House had previously assured refiners no ban would happen.
Sentimentbearish 30
Bearish · 30 of 100
Impact70
medium · sector-wide
Confidence60%
moderate confidence · single wire
Eventdeveloping
v1 · alerted to followers
WHAT WE KNOW
Trump said the US is 'very seriously' considering restricting diesel exports.
Trump acknowledged the move could cause a small rise in gasoline prices.
Trump blamed current fuel pressures largely on attacks against Russian refineries.
Energy Secretary Chris Wright favors voluntary export limits instead.
Senator Ted Cruz said the White House had previously assured refiners that an outright ban would not happen.
Diesel prices are at record highs.
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