Speaking to reporters at the White House on October 2 (local time), President Donald Trump asserted that the option of banning US diesel exports "was never really considered," while also praising Europe's willingness to release fuel from its strategic reserves, Politico reported.
“Europe has a lot of diesel fuel and they will contribute significantly to the world , and so will we. We will not impose a ban on diesel exports. That option was never really considered, but what Europe is doing is very commendable,” Trump said.
The United States is the world's largest exporter of diesel fuel, shipping an average of 1.4 million barrels of distillate per day to partners, primarily in Europe and Latin America, according to the Washington Post.
Previously, on September 22, President Trump announced his support for a ban on diesel exports, a move that could help lower prices for American consumers but would put significant pressure on supplies elsewhere in the world. On October 1, he reiterated that the US was considering the idea while pressuring Europe to use its reserves.
The latest statement comes after the Group of Seven (G7) industrialized nations agreed on October 2nd to release a total of 100 million barrels of crude oil and diesel from strategic reserves over four months, in response to supply disruptions caused by the conflict in Iran .
On the same day, European Commission spokesperson Anna-Kaisa Itkonen said that the European Union (EU) is ready to cooperate with the International Energy Agency (IEA) on the possibility of releasing fuel from its reserves.
Meanwhile, France has proposed releasing 50 million barrels of diesel and 50 million barrels of crude oil from its emergency reserves. French President Emmanuel Macron, whose country currently holds the rotating G7 presidency, previously chaired a virtual meeting with the leaders of the remaining member states, including Canada, Germany, Italy, Japan , the United Kingdom, the United States, and representatives from the EU.
According to data analytics firm Kpler, the EU and the UK imported 24.25 million barrels of diesel from outside the region in September 2026. Therefore, the amount of diesel proposed to be released by France is equivalent to approximately twice the monthly import volume.
According to the G7 statement, a significant amount of diesel fuel will be released onto the market in the next 20 days, while the overall release plan will be implemented within four months. The scale and specific timing of each supply batch have not yet been fully determined.
Analysts believe the effectiveness of this measure on fuel prices depends on the volume and speed of supply entering the market. Gasoline and diesel prices in Europe remain high due to rising international crude oil prices, escalating costs, and limited refining capacity. Refineries in the region are operating near full capacity, with virtually no room to increase production.
Source: https://cand.vn/tong-thong-trump-my-se-khong-cam-xuat-khau-dau-diesel-post823865.html
