Trump Administration Presses Europe On Diesel

The Trump administration is pressing European allies to release diesel from emergency reserves. Europe is discussing a coordinated release in response to a possible U.S. diesel export ban. The talks involved Britain and EU partners, including the European Commission, Germany, France, Italy and Ireland. President Donald Trump is considering export limits to push down U.S. fuel prices before the November midterm elections. Britain is especially exposed because it imports about a third of its diesel from the United States. The administration says a European reserve release would raise global supply and lower consumer prices. European officials said reserves remain available after earlier releases. Officials and experts warned a U.S. export ban could still raise global diesel prices.