empty
 
 

23.09.202619:26:03UTC+00US Heating Oil Falls on Diesel Export Ban

US heating oil prices have retreated to about $4.80 per gallon, down from last week’s record high of more than $5.20, following reports that the Trump administration is drafting a proposal to suspend diesel exports for 90 days. The plan, aimed at easing domestic energy costs, has exposed divisions within both the administration and the oil industry.

In parallel, Ukrainian President Volodymyr Zelenskyy has urged President Trump to convene a trilateral summit with Russian President Vladimir Putin, stressing that the leaders must act “as quickly as possible” to end the war. Zelenskyy also noted that he and Trump discussed an “energy ceasefire.” Trump, for his part, said that Moscow has “unfortunately lost control” of its diesel sector as a result of the conflict and has previously pressed Zelenskyy to halt drone strikes on Russian oil refineries.

At the same time, the partial restoration of Saudi Arabia’s East–West pipeline is easing some supply concerns, even as uncertainty over the outlook for peace in the Middle East continues to cloud the market.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $3000 more!
    In September we raffle $3000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback