Heightened risk of a Trump administration diesel export ban has driven non‑U.S. diesel prices higher relative to U.S. product. At Wednesday’s close, NYMEX heating oil’s premium to European diesel narrowed to its lowest since late April; the spread’s one‑day swing was the largest since the 2022 Russia‑Ukraine supply shock, before partially reversing on Thursday. Whether Washington will impose a ban remains uncertain, but Energy Secretary wright has told oil industry leaders to prepare for possibl

Heightened risk of a Trump administration diesel export ban has driven non‑U.S. diesel prices higher relative to U.S. product. At Wednesday’s close, NYMEX heating oil’s premium to European diesel narrowed to its lowest since late April; the spread’s one‑day swing was the largest since the 2022 Russia‑Ukraine supply shock, before partially reversing on Thursday. Whether Washington will impose a ban remains uncertain, but Energy Secretary wright has told oil industry leaders to prepare for possible export limits amid rising U.S. retail fuel prices. The EU has voiced concern about the prospect.