The US government under President Donald Trump is pushing a ban on diesel exports, which Politico reports could last 90 days, though no official measure has been announced. US Energy Secretary Chris Wright said the administration is in talks with refiners to seek voluntary cooperation in cutting exports, which could serve as an alternative to an outright ban. Data from Kpler and Vortexa shows that since the start of September, Brazil has been the largest buyer of diesel and related refined products from the United States, during the early planting season that boosts demand for diesel used by tractors and trucks. Chile, Mexico, the United Kingdom and the Netherlands round out the top five importers of US energy this month. US oil exports surged to a record high of nearly 2 million barrels per day last summer, and US pump prices for diesel topped 6.50 dollars per gallon, setting a new record. Analysts at S&P Global Energy said a US diesel export ban would further roil global fuel markets, since Latin America has limited spare refining capacity and few alternative import options.
A potential 90-day US diesel export ban would tighten global diesel/heating oil supply, supporting heating oil futures prices.
