US Asks EU to Release 120 Million Barrels of Diesel Over 180 Days
JH Kim
Summary
- The US reportedly asked the EU to release 120 million barrels of diesel into the market over the next 180 days.
- The US also warned it could impose an export ban on products including US-made diesel if the EU does not accept the request.
- No details were provided on the specific release mechanism or the scope of the export ban.
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The US has asked the European Union to release 120 million barrels of diesel into the market over the next 180 days, cryptocurrency-focused media outlet Cointelegraph reported on October 1. Washington also warned it could impose an export ban on products including US-made diesel if the EU rejects the request.
Cointelegraph said the requested release would total 120 million barrels over the 180-day period.
The report added that the US warned it could move ahead with export restrictions on products including US diesel if the EU does not accept the demand.
No details were provided on how the release would be carried out or on the scope of any export ban.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.