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EU warns a 90-day diesel export ban could disrupt shared markets
The EU said US diesel exports are crucial to its supply, with the US providing about half of Europe’s diesel imports by August.
The European Commission has warned that a reported 90-day ban on US diesel exports would negatively affect both Europe and the United States, citing the risk of disrupting shared energy markets.
According to the Guardian Business, the Commission expressed concern that the proposed measure could prevent diesel from reaching the global market. An EU executive spokesperson said any disruption would risk harming both sides and said close partners should consult before taking steps that affect shared markets.
The report said US diesel exports have accounted for a third of Europe’s imports this year, with the US supplying about half of Europe’s diesel imports by August as alternative sources fell. It added that the proposal is being discussed as a temporary move aimed at easing high pump prices for US households ahead of the midterm elections.
The article also noted that US Energy Secretary Chris Wright warned that export bans are a blunt tool that could damage long-term fuel supplies, while experts described potential consequences for Europe as severe. In Europe, pump prices have already climbed to record levels in countries including Germany and the Netherlands, while in the UK some diesel prices have passed £2 a litre, according to the piece.