Draw Down Diesel Stocks to Check Price, US Advices

[ABS News Service/03.10.2026]

· The Trump administration has told Germany and France to draw down emergency diesel inventories to help to ease global fuel prices or face a potential US diesel export ban, said three people close to the discussions, Reuters news service reported.

The warning marks an escalation of pressure on Europe as US President Donald Trump considers a potential diesel export ban to bring down US fuel prices ahead of November's midterm elections.

The US administration has been particularly frustrated with France and Germany, which US officials believe have not fully followed through on earlier commitments to release emergency oil and petroleum stocks, Reuters has reported previously.

“It is in Europe's best interest to work with the United States as we pursue multiple pathways to boost the supply of refined products and lower costs for consumers,” one of the sources, a US official, told Reuters. A second source, based in a European capital, said that the US has asked the EU to release 120 million barrels of diesel in the next six months.

US Energy Secretary Chris ?Wright told reporters on Wednesday that the US administration expected announcements soon from Europe about new diesel supplies.

· US Trade Representative Jamieson Greer said on Thursday the Trump administration was working with India to finalize a bilateral trade deal, but added an agreement was not imminent, Reuters reported.

Greer said he had “a very constructive conversation” with Indian Trade Minister Piyush Goyal at the G20 trade ministers meeting in Milwaukee this week and that officials from the two countries were continuing the conversation.

“I don't think there's something imminent, but we truly have identified the universe of items that are sticking points. We're working diligently toward them,” he added.