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International Business Times
International Business Times
Business

U.S. Pressuring France And Germany To Release Diesel Stocks. A Retaliatory Export Ban Is Reportedly On The Table.

The U.S. is pressing France and Germany to release emergency diesel reserves as global supplies remain tight. (Credit: Getty Images)

The Trump administration has pressed France and Germany to release diesel from emergency reserves as Washington seeks additional supplies to ease elevated fuel prices, warning that a U.S. diesel export ban could be considered if Europe does not act, according to a new report.

Three people close to the talks told Reuters that U.S. officials had specifically urged Germany and France to draw down emergency diesel inventories. One person based in a European capital said Washington had asked the European Union to release 120 million barrels of diesel over the next six months.

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