President Trump is reportedly preparing a 90-day ban on US diesel exports to combat surging domestic prices. This would be the first such restriction since 2015. Diesel futures are down 7% following the news, as prices have more than doubled in nine months.
Read moreSEPTEMBER 23RD, 2026
Trump Prepares 90-Day Ban on US Diesel Exports US Prepares 90-Day Ban on Diesel Exports Amid Surging Prices The Trump administration is reportedly preparing a 90-day ban on US diesel exports. This move aims to lower domestic fuel prices, which average around $6.52 a gallon nationwide. Some officials and oil companies warn a ban could force refiners to cut production, potentially driving prices higher.
Read moreDiesel Cracks Plunge $12.70 on US Export Ban Report U.S. diesel cracks fell $12.70 to $97.85/bbl following reports of a potential 90-day diesel export ban. Gasoline cracks simultaneously jumped $2 to $47.41/bbl due to concerns over reduced refining output. European gasoil cracks also rose, reflecting anticipated impacts on global supply.
Read moreDiesel Futures React to US Export Ban News US diesel futures dropped over 7% to an intraday low after reports of a potential 90-day US diesel export ban. Conversely, European diesel futures surged more than 7% to a session high. This divergence reflects the immediate impact of potential supply shifts on global energy markets.
Read moreUS Prepares 90-Day Diesel Export Ban The US government is reportedly preparing a 90-day ban on diesel exports, according to Politico. This potential action aims to address domestic fuel shortages and rising prices.
Read moreWhite House Prepares 90-Day Diesel Export Ban The White House is reportedly preparing a 90-day ban on diesel exports. This measure aims to combat rising domestic fuel prices. The proposed ban could affect global diesel supply and pricing dynamics.
Read moreChina Identified as 'Swing Importer' in Global Oil Market China has been identified as a 'swing importer' in the world oil market. This means China's import decisions can greatly affect global oil supply and demand. Such a role could lead to increased volatility in crude oil prices.
Read moreUS Energy Secretary Sees Flat Natural Gas Prices for Next Decade US Energy Secretary Wright projects natural gas prices will remain flat for the next five to ten years. This outlook provides a long-term pricing signal for the commodity. The Secretary's view could influence investment decisions and future supply and demand dynamics in the energy sector.
Read moreUS Crude Oil Stockpiles Post Unexpected Build US crude oil stockpiles unexpectedly rose, according to a recent report. This build suggests either weakening demand or increased supply, which could lead to downward pressure on crude oil prices.
Read moreTrump's Diesel Export Ban Push Sends European Prices Surging Former President Trump's push to ban American diesel exports caused European diesel prices to surge. Trump stated his support for an export ban on Tuesday. This potential policy shift directly impacts global energy markets and trade flows.
Read moreOil Holds Highs as Crude Stocks Rise, Production and Demand Dip Total U.S. crude stocks have increased, while U.S. oil production and gasoline demand both saw dips. This mixed data emerges after a period of elevated oil prices. The market is currently assessing these factors for their potential impact on future price movements.
Read moreUS Crude Inventories Rise by 2.97MM Barrels, SPR Drained by 405K US crude oil inventories increased by 2.969 million barrels, while the expected draw was 690,000 barrels. Gasoline stocks fell by 1.686 million barrels, and distillates decreased by 428,000 barrels. The Strategic Petroleum Reserve was drained by 405,000 barrels, reaching its lowest level since 1982.
Read moreUS EIA Weekly Petroleum Status Report Released The U.S. Energy Information Administration (EIA) released its weekly petroleum status report for the week ending August 28, 2026. Commercial crude oil inventories decreased by 4.5 million barrels to 424.5 million barrels, while gasoline inventories fell by 1.2 million barrels. Distillate inventories increased by 0.8 million barrels.
Read moreUS Crude Oil Inventories Rise, Exceeding Estimates US crude oil inventories rose by 2.969 million barrels. This increase contrasts with an estimated decrease of 578,000 barrels. The build follows a 640,000 barrel decrease in inventories the prior week.
Read moreLibya's Sharara Oilfield Pumping Below 100k B/D Libya's Sharara oilfield is currently pumping less than 100,000 barrels per day. The National Oil Corporation (NOC) Chairman confirmed this output level. This represents a substantial decrease from the field's typical capacity, which exceeds 300,000 barrels per day.
Read moreOil Jumps as Iran Hardens Hormuz Stance, Diplomacy Fades Oil prices rose after Iran's security chief stated the Strait of Hormuz will stay closed unless the US accepts Iran's seven conditions. Brent crude increased 2.3% to $101.49, and WTI gained 1.7% to $92.09. This signals a decline in diplomatic prospects and heightened supply risk.
Read moreOil Rises Above $100 on Diesel Surge, Mideast Supply Risks Crude oil prices have risen above $100 a barrel, breaking a five-day decline. This surge follows a sharp increase in European diesel futures, which occurred after President Trump advocated for a ban on domestic fuel exports. The ongoing attacks in the Strait of Hormuz also continue to pose a threat to global energy supplies, despite diplomatic efforts to de-escalate tensions.
Read moreUS Energy Secretary Warns Diesel Export Ban Would Raise Fuel Prices US Energy Secretary Chris Wright stated that a ban on diesel exports would be ineffective and would instead increase prices for gasoline and jet fuel. This suggests the administration is unlikely to implement such a policy. The statement clarifies the government's stance on a potential export ban.
Read moreGold Weighed Down by Rising US Dollar Gold prices eased as the US dollar strengthened, making the dollar-denominated commodity more expensive for international buyers. Spot gold fell 0.2% to $4,345.55 per ounce, while US gold futures for December delivery were up 0.2% at $4,383.10.
Read moreTrump Weighs Diesel Export Curbs as Prices Hit Record $6.53 Per Gallon President Trump is considering restricting U.S. diesel exports following record-high prices, which reached $6.53 per gallon on Tuesday. This action risks disrupting broader fuel markets and potentially leading to higher gasoline prices.
Read moreOil Reps Blindsided by Trump Diesel Export Ban Comment Oil industry representatives were reportedly surprised by former President Trump's recent comment regarding a potential diesel export ban. This indicates a lack of prior consultation and introduces uncertainty about future energy policy. A ban could impact global diesel supply and prices.
Read moreTrump Allies See Diesel Export Ban Becoming Reality Allies of former President Donald Trump are concerned a diesel export ban could become a reality. This policy consideration comes amid ongoing discussions about energy independence and domestic fuel costs. Treasury Secretary Scott Bessent confirmed the administration is examining the feasibility of a full or partial ban.
Read moreLNG Buyers Seek Conflict-Free Supplies Beyond Gulf LNG buyers are now looking for new supply sources outside the Gulf region. This move is driven by ongoing conflicts in traditional supply areas. The shift in procurement strategies is reconfiguring global energy flows. It could also increase demand and prices for natural gas from alternative regions.
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