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How Trump's Energy Minister is pushing the EU to release diesel reserves

Several EU countries - including Germany - were contacted by Chris Wright with an offer to either tap into their diesel reserves or risk a US diesel export ban.

Translated from German Read in German

The Trump administration has asked European governments to release a large portion of the EU's strategic diesel reserves to help ease rising fuel costs. According to four government officials from the EU and US, US Energy Secretary Chris Wright proposed that EU governments release 120 million barrels of diesel over 180 days, which would account for over a third of the EU's total diesel reserves of 315 million barrels as of June.

The proposal is an alternative to President Donald Trump's threat to impose a blanket ban on US diesel exports. The US has contacted several EU countries, including Germany, to discuss the plan.

Written by urgent.news from Politico EU's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.

Read the original at politico.eu →

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