US presses France and Germany to release diesel stocks, Reuters reports
Washington has told France and Germany to release stored diesel or face a US export ban, according to sources cited by Reuters.
Key takeaways
- Reuters reports that the US has demanded diesel-stock releases from France and Germany.
- Sources cited by Reuters say the demand is backed by the threat of a US export ban.
- The available material gives no release volume, deadline or details of the threatened ban.
France and Germany face a US demand to release diesel from storage, with an export ban threatened if they do not comply, Reuters reported, citing sources.
The demand puts the two countries’ diesel stocks—fuel held in storage—at the centre of a dispute with Washington. Reuters described the report as exclusive and attributed the US message to sources.
According to sources cited by Reuters, Washington has tied its export-ban threat to a demand that France and Germany release diesel stocks.
For fuel-market businesses, the issue is the choice between releasing stored supplies and facing a threatened trade restriction. The material provided does not specify the volume sought, a deadline or the scope of any ban.
The next development to watch is whether France and Germany release stocks, and whether Washington follows through on its threat.
Sources
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