What would a US diesel export ban mean for global fuel prices?
Energy experts warn US diesel export ban could increase fuel costs domestically and internationally.
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Energy experts warn US diesel export ban could increase fuel costs domestically and internationally.
Qatar Energy Minister Saad al-Kaabi discusses the future of the Strait of Hormuz and says that to call the strait obsolete is “wrong.” US Treasury Secretary Scott Bessent commented on Sept. 1 that the Strait of Hormuz will be like a worthless piece of water in two years. He spoke with Annmarie Hordern at the 2026 Qatar Economic Forum, UNGA Special Edition; Powered by Bloomberg. (Source: Bloomberg)
The Trump administration, following up on its efforts to boost domestic biofuels production, is taking the next step to help the industry: targeting policies abroad that limit uptake of fuels made from US crops.
Gasoline and diesel purchases haven’t collapsed, but a long-term behavioral shift could speed up if costs don’t ease soon.
The Trump administration says it could save power plants more than $300bn and 'unleash' American energy.
US Energy Secretary Chris Wright says he expects Saudi Arabia’s East-West Pipeline to the Red Sea to be up and running “very soon.” Wight also discusses flows of crude oil and oil products through the Strait of Hormuz and the status of the US’s strategic petroleum reserve on “Bloomberg Surveillance.” (Source: Bloomberg)
US equity futures and Treasuries find some relief as investors await the latest inflation data for a signal on whether the Federal Reserve will raise interest rates next week. US diesel prices rose above $6 a gallon for the first time ever, raising the risk of further energy-driven inflation. The US marks 25 years since the September 11 terrorist attacks. Isabelle Mateos Y Lago of BNP Paribas joins "Bloomberg Brief" to look ahead to the CPI data. (Source: Bloomberg)
A measure of producer price inflation showed renewed pressure from rising energy prices last month, potentially adding to the case for an interest-rate hike at the Federal Reserve’s meeting next week. The producer price index rose 0.4% in August from the prior month — the most since May — and 5.4% from a year earlier, according to Bureau of Labor Statistics data out Thursday. Excluding food and energy, the gauge advanced 0.2% last month and 4.6% from a year ago. Thursday’s figures come a day ahead of the latest update to the consumer price index, which is expected to show so-called core inflation was relatively modest even as rising gasoline prices boosted the headline measure. Some Fed officials have signaled the interest-rate decision at their Sept. 15-16 meeting may come down to what this week’s reports reveal. We get reaction from Anna Wong, Chief US Economist for Bloomberg Economics. (Source: Bloomberg)
Brian Casey of Westwood appears on the program as the segment tees up Westwood Salient Enhanced Power & Infrastructure ETF, ticker PWRX, as the Texas Stock Exchange’s first new listing. The actively managed ETF is designed to capitalize on accelerating power needs, pairing an income strategy with exposure to high-growth energy and infrastructure themes. He speaks with Romaine Bostick & Tyler Kendall on "The Close." (Source: Bloomberg)
When US President Donald Trump announced on August 28 that the United States had secured majority control over some 65 billion barrels of Venezuelan oil through a private company, the North American Blue Energy Partners (NABEP), he called it “the biggest oil deal in history”. The White House fact sheet provided the details: NABEP’s 100-year concessions on 17 oilfields with 65 billion barrels of proven reserves, a 35 per cent Pentagon stake, a 20 per cent State Department offtake at cost with...
US retail diesel prices hit a four-year high, topping a peak seen during the early stages of the Iran war to approach a record. The national average pump price climbed to $5.783 a gallon on Wednesday, according to the American Automobile Association. Bloomberg's Anthony di Paola reports. (Source: Bloomberg)