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White House Says Report It Is Reviewing US Diesel Export Ban Is ‘Fake News’

Source
JH Kim

Summary

  • A White House official called reports that the U.S. was considering a diesel export ban fake news.
  • Earlier, Politico reported that the White House was preparing a 90-day diesel export ban.
  • After that report, the energy market reacted sharply, with U.S. diesel refining margins tumbling.

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Photo: Shutterstock
Photo: Shutterstock

The White House denied a report that the U.S. government is considering a ban on diesel exports.

A White House official described the report as “fake news,” Walter Bloomberg reported on September 23.

Politico had earlier reported that the White House was preparing a 90-day ban on diesel exports.

Energy markets reacted sharply after that report, with U.S. diesel refining margins tumbling.

#Macroeconomy
#Policy
JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.

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