Diesel prices have hit record highs as the tensions between the United States and Iran, along with the war between Russia and Ukraine, disrupt key oil and fuel trade routes. On Friday, the average ...

President Trump has said he is considering restricting overseas sales of the fuel to bring down domestic prices, but experts say the policy will have many unintended effects. By Ivan Penn and Peter ...

Global refinery disruptions in the Middle East, Russia, and Asia have sharply tightened diesel supplies, with IEA data showing August refinery throughput 4.2 million bpd below year-earlier levels.

A year ago, President Trump threatened tariffs on European countries if they didn’t buy more U.S. energy exports. Now, he is threatening to cut off diesel supplies that have become vital to the region ...

ALLENTOWN, Pennsylvania — Energy Secretary Chris Wright is calling on the oil industry to voluntarily reduce diesel fuel exports in a bid to bring down prices domestically ahead of midterm elections.

The marriage between Hill Republicans and the fossil fuel industry is showing signs of fracture, as a potential diesel export ban puts strain on a long-standing alliance. Farm-state Republicans and ...

The U.S. Department of Commerce’s Bureau of Industry and Security (BIS) released its Fiscal Year 2025 Annual Report to Congress, providing a detailed look at the agency’s export control, licensing, ...

More than 30 U.S. business, energy, and manufacturing groups on Sept. 23 urged President Donald Trump to reject restrictions on diesel exports, warning that the move could reduce fuel production and ...

The White House has ruled out a flat diesel export ban, despite Trump and Treasury Secretary Bessent previously signaling that restrictions were being examined. Diesel prices have surged above $6.50 ...

Some Republican lawmakers are calling for a ban on U.S. diesel exports as a way to lower record-high prices. But energy experts warn the move could backfire and drive diesel prices even higher by ...

President Trump and Louisiana Governor Jeff Landry support a temporary ban on diesel exports to lower prices. The proposed ban is a response to soaring fuel costs attributed to the war with Iran. The ...

Oil prices edged higher on Wednesday after President Trump floated a diesel export ban the previous day, with industry analysts warning that such a measure could backfire. Brent crude futures (BZ=F) ...