The White House has urged the European Union to use its emergency diesel stockpiles in an effort to bring down global prices, according to ChainCatcher. The report says the Trump administration is studying several measures aimed at lowering fuel costs before the November midterm elections. Options under review include pressing foreign governments to release inventories and restricting U.S. diesel exports. The move reflects a broader push to ease fuel prices ahead of the election timeline cited in the report. No further details were provided on which countries could be asked to release supplies or how potential export limits would be structured.
According to ChainCatcher, the White House has urged the European Union to use its emergency diesel stockpiles to help lower global prices.
The report said the Trump administration is studying several options to reduce fuel costs before the November midterm elections, including pushing foreign countries to release inventories and limiting U.S. diesel exports.
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