US Announces Diesel Export ban

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US diesel exports are about 12 times imports at the moment based on @EIAgov weekly data for the six weeks from Aug 28 to Oct 2. • • Average (thousand b/d)
Exports~1,590
Imports~130
Net exports~1,460 • • Ratio: Weekly, it ranged from about 8:1 (week ending Sep 4) to nearly 16:1 (Sep 18). In the latest week (Oct 2), exports of 1,764 versus imports of 118 gave about 15:1, or net exports near 1,650 b/d. • • Net exports of roughly 1.5 million b/d equal about 40% of domestic demand (about 3.65 million b/d). That outflow is part of why inventories are so low. • • Millions of barrels of US diesel are sold by private companies, not allocated by the country, and they go to the highest bidder. • • The US has no export restriction on diesel. A ban was reported under consideration, but the White House denied it, and the Energy Secretary said it wouldn't work. A simple export tax is hard because the Constitution bars duties on exports. • • Exports also keep refineries running near maximum, which supports production and jobs; a ban would lower US prices but hurt refining margins. • • Robust international and domestic demand has made diesel production lucrative for refiners. On Sept. 1, Platts recorded the prompt pipeline ULSD vs WTI front-month crack at $98.153/b, the highest since the assessments began in 2009. • • The recent stats • •
December 31thehill.com93%match11¢-45%
Trump teases diesel announcement, big move from Vought President Trump on Friday teased an upcoming announcement from Office of Management and Budget Director Russell Vought, as well as one pertaining to diesel. “We have a big announcement coming up on diesel,” Trump said, speaking at a Columbus Day celebration in the White House East Room. Trump also said Vought would be making a…
December 31Walter Bloomberg94%match83¢+13%
TRUMP PLANS EXECUTIVE ACTION TO LOWER DIESEL COSTS • • President Trump plans executive actions Monday aimed at reducing diesel prices, including a Treasury review of certain diesel taxes and measures to expand access to tax-exempt dyed diesel, according to Politico. • • U.S. diesel averaged $6.32 a gallon Monday, down 13 cents from last week but still $2.63 higher than a year ago. • • Trump has ruled out a diesel export ban.
October 31Walter Bloomberg94%match98¢+2%
TRUMP PLANS EXECUTIVE ACTION TO LOWER DIESEL COSTS • • President Trump plans executive actions Monday aimed at reducing diesel prices, including a Treasury review of certain diesel taxes and measures to expand access to tax-exempt dyed diesel, according to Politico. • • U.S. diesel averaged $6.32 a gallon Monday, down 13 cents from last week but still $2.63 higher than a year ago. • • Trump has ruled out a diesel export ban.
October 31fortune.com92%match98¢+2%
After threatening to ban U.S. exports of diesel fuel, Trump admits ‘we were never going to do it’
Trump said that Washington will not impose a ban on diesel exports, because Europe, like the United States, will make a "big contribution" to global fuel supplies. "Europe has a lot of diesel fuel, and it will make a significant contribution to global supplies, just like we do. We will have a lot of oil," the American president emphasized subscribe
Trump said that Washington will not impose a ban on diesel exports, because Europe, like the United States, will make a "big contribution" to global fuel supplies. "Europe has a lot of diesel fuel, and it will make a significant contribution to global supplies, just like we do. We will have a lot of oil," the American president emphasized subscribe
US President Trump said Washington would not impose a ban on diesel exports because Europe, like the US, makes a "major contribution" to global fuel supplies. Earlier, the G7 countries and their partners agreed to release up to 100 million barrels of oil and diesel from emergency stocks to lower prices.
US President Trump said Washington would not impose a ban on diesel exports because Europe, like the US, makes a "major contribution" to global fuel supplies. Earlier, the G7 countries and their partners agreed to release up to 100 million barrels of oil and diesel from emergency stocks to lower prices.
December 31Iranian Media97%match93¢+1%
The US President announced that his country does not intend to impose a ban on diesel exports. isna.ir/xdXbbr @isna94
October 31rbc.ru91%match98¢+2%
Trump has abandoned his plan to ban diesel fuel exports.
December 31pressassociation92%match93¢+1%
Trump claims diesel export ban ‘never on table’ as G7 agrees reserve release
October 31pressassociation92%match97¢+3%
Trump claims diesel export ban ‘never on table’ as G7 agrees reserve release
December 31Russian Media98%match95¢-1%
The United States will not impose a ban on diesel fuel exports, Donald Trump told reporters on the White House lawn. "We never intended to do that... In fact, Europe did a great job because they have a lot of diesel fuel in circulation. They have diesel. They use diesel many times more than most other countries, and they did a fantastic job," Mr. Trump said. The president added that the US government "never considered" imposing a ban on diesel exports. Previously, US Treasury Secretary Scott Bessent and Donald Trump himself had discussed possible restrictions. Politico reported that the White House was considering a 90-day ban on diesel exports to curb rising prices. In recent weeks, diesel prices in the US and Europe have risen sharply due to damage to refineries in the Middle East and Russia. On October 2, the G7 countries agreed to release 100 million barrels of petroleum products, including diesel fuel, from their reserves. Subscribe to Kommersant on MAX | on Telegram
October 31Russian Media98%match97¢+3%
The United States will not impose a ban on diesel fuel exports, Donald Trump told reporters on the White House lawn. "We never intended to do that... In fact, Europe did a great job because they have a lot of diesel fuel in circulation. They have diesel. They use diesel many times more than most other countries, and they did a fantastic job," Mr. Trump said. The president added that the US government "never considered" imposing a ban on diesel exports. Previously, US Treasury Secretary Scott Bessent and Donald Trump himself had discussed possible restrictions. Politico reported that the White House was considering a 90-day ban on diesel exports to curb rising prices. In recent weeks, diesel prices in the US and Europe have risen sharply due to damage to refineries in the Middle East and Russia. On October 2, the G7 countries agreed to release 100 million barrels of petroleum products, including diesel fuel, from their reserves. Subscribe to Kommersant on MAX | on Telegram
December 31Russian Media98%match95¢-1%
The United States will not impose a ban on diesel fuel exports, Donald Trump told reporters on the White House lawn. "We never intended to do that... In fact, Europe did a great job because they have a lot of diesel fuel in circulation. They have diesel. They use diesel many times more than most other countries, and they did a fantastic job," Mr. Trump said. The president added that the US government "never considered" imposing a ban on diesel exports. Previously, US Treasury Secretary Scott Bessent and Donald Trump himself had discussed possible restrictions. Politico reported that the White House was considering a 90-day ban on diesel exports to curb rising prices. In recent weeks, diesel prices in the US and Europe have risen sharply due to damage to refineries in the Middle East and Russia. On October 2, the G7 countries agreed to release 100 million barrels of petroleum products, including diesel fuel, from their reserves. Subscribe to Kommersant on MAX | on Telegram
October 31Russian Media98%match97¢+3%
The United States will not impose a ban on diesel fuel exports, Donald Trump told reporters on the White House lawn. "We never intended to do that... In fact, Europe did a great job because they have a lot of diesel fuel in circulation. They have diesel. They use diesel many times more than most other countries, and they did a fantastic job," Mr. Trump said. The president added that the US government "never considered" imposing a ban on diesel exports. Previously, US Treasury Secretary Scott Bessent and Donald Trump himself had discussed possible restrictions. Politico reported that the White House was considering a 90-day ban on diesel exports to curb rising prices. In recent weeks, diesel prices in the US and Europe have risen sharply due to damage to refineries in the Middle East and Russia. On October 2, the G7 countries agreed to release 100 million barrels of petroleum products, including diesel fuel, from their reserves. Subscribe to Kommersant on MAX | on Telegram
December 31alhadath94%match94¢
Trump: We will not impose a ban on diesel exports.
October 31alhadath95%match97¢+3%
Trump: We will not impose a ban on diesel exports.
And just like that, the roller coaster is over... • • @POLITICO: Trump rules out diesel export ban after Europe agrees to tap stockpiles • • (though, as we report, some smaller domestic-focused measures on diesel could still come next week) • •
October 31Politico Reporter93%match97¢+3%
And just like that, the roller coaster is over... • • @POLITICO: Trump rules out diesel export ban after Europe agrees to tap stockpiles • • (though, as we report, some smaller domestic-focused measures on diesel could still come next week) • •
December 31politico.com93%match95¢-1%
Trump rules out diesel export ban after Europe agrees to tap stockpiles
October 31politico.com94%match97¢+3%
Trump rules out diesel export ban after Europe agrees to tap stockpiles
December 31afr.com93%match95¢-1%
Live: Trump will hold off banning diesel exports for now
December 31alarabiya94%match95¢-1%
Trump: We will not impose a ban on diesel exports.
October 31alarabiya95%match97¢+3%
Trump: We will not impose a ban on diesel exports.
December 31anadoluajansi94%match95¢-1%
US President Trump answered reporters' questions as he left the White House: Diesel export ban — We were never going to do that. I don't think we will. — Europe was great because they're flooding the market with diesel fuel. They have diesel. They're using disproportionately large amounts of diesel. Oil prices — As soon as the Iran issue is resolved, which won't take long, not long at all, oil prices will fall back to their previous levels, or perhaps even lower. Relations with Turkey — I love Türkiye. I always meet with President Erdoğan. He is my friend and I always make him happy.
October 31anadoluajansi95%match97¢+3%
US President Trump answered reporters' questions as he left the White House: Diesel export ban — We were never going to do that. I don't think we will. — Europe was great because they're flooding the market with diesel fuel. They have diesel. They're using disproportionately large amounts of diesel. Oil prices — As soon as the Iran issue is resolved, which won't take long, not long at all, oil prices will fall back to their previous levels, or perhaps even lower. Relations with Turkey — I love Türkiye. I always meet with President Erdoğan. He is my friend and I always make him happy.
December 31news.sky.com91%match95¢-1%
Live: Trump takes credit for diesel release - and says he never planned an export ban
October 31news.sky.com92%match97¢+3%
Live: Trump takes credit for diesel release - and says he never planned an export ban

What is this event about?

This market will resolve to "Yes" if the President of the United States, the White House, a Cabinet member, an agency or department legally authorized to take such action, or an authorized representative thereof, publicly and officially announces a ban on the export of diesel from the United States between market creation and the specified date, 11:59 PM ET. Otherwise, this market will resolve to "No". For purposes of this market, a "ban on the export of diesel" means a prohibition on the exportation of diesel fuel (distillate fuel oil) from the United States, whether imposed on all exports or on substantially all exports. A restriction, quota, tariff, licensing requirement, destination-specific ban, or other limitation short of an export prohibition will not qualify unless it operates as a general prohibition on diesel exports. A prohibition may qualify whether it is temporary or permanent, provided the announcement clearly communicates a prohibition on diesel exports. A qualifying announcement must be a declarative statement of the U.S. government's present implementation of, previously-unannounced prior implementation of, or definitive decision to implement a ban on the export of diesel. A qualifying announcement must clearly and unambiguously identify a ban on the export of diesel. Statements that merely allude to, reference, or describe such a ban, without clearly communicating it, do not qualify. The announcement need not use specific terminology or reference the ban by name, provided the substance of a prohibition on diesel exports is clearly and unambiguously communicated. A qualifying announcement must be made through official channels, by an individual acting in an official capacity. Statements made incidentally or informally in a context not intended for official communication do not qualify. An announcement by the U.S. government that it accepts or agrees to an agreement, framework, or roadmap that includes a commitment to ban diesel exports qualifies only if (i) all parties whose acceptance is required for the agreement to take effect have accepted the agreement, or (ii) the announcement independently communicates the ban as a present and decided position of the United States, not contingent on acceptance by any other party. The following do not qualify as official announcements: Anonymous, unattributed, or leaked statements not confirmed as official; Statements by persons not authorized to speak for the U.S. government; Third-party speculation, analysis, or predictions that the United States will announce or implement such a ban; Satirical, fabricated, hacked, or impersonated communications; Statements that describe a prospective, contingent, probable, or conditional implementation of such a ban rather than announcing a present and decided position. Once a qualifying announcement is made, this market will resolve to "Yes" regardless of whether it is later reversed, or whether a ban on diesel exports is ever actually implemented. Resolution will be based on official information from the U.S. government or its authorized representatives; however, a consensus of credible reporting may also be used.

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