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The US has demanded that Germany and France release their diesel reserves

The Donald Trump administration is demanding that Germany and France reduce their emergency diesel reserves to help bring down global prices for the fuel. Otherwise, Washington may impose a ban on diesel exports from the US.
Dmitry Kalak Dmitry Kalak Reading time: 2 minutes
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Reuters reports this, citing three sources close to the negotiations.

The publication notes that this warning from the Trump administration signals increased pressure on Europe in an attempt to lower global diesel prices, which should also have a positive impact on prices within the US. This is of the utmost importance to Trump and his Republican Party in the run-up to the mid-term elections in November.

Brussels has already responded to the US appeal. The European Commission, Germany, France, Italy, Ireland and the UK held a conference call on 1 October to discuss the possible need to release diesel fuel reserves, an EU spokesperson told Reuters.

One of the agency’s sources reported that the US had asked the EU to release 120 million barrels of diesel over the next six months. Overall, EU countries hold nearly 109 million tonnes of emergency reserves of crude oil and fuel, Reuters adds.

This story was translated with the assistance of artificial intelligence.The translation was also reviewed by the Logos Press editorial team.


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