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Diesel fuel prices in the US have reached record levels of $6.50 per gallon. Washington has pushed for the release of 100 million barrels of diesel from EU reserves.
The European Union has agreed to release huge reserves of diesel fuel. US President Donald Trump stated this. He was quoted by Reuters.
According to him, this process will begin immediately. It is assumed that this should stop the steadily rising prices for this type of fuel.
In this regard, CNBC drew attention to data from the American Automobile Association (AAA), according to which average prices for diesel fuel in the United States jumped to a record level of $6.5 per gallon (3.79 liters) late last month.
It was previously reported that European Union countries could release about 50 million barrels of diesel. In turn, Washington insisted on 100 million barrels.
European nations are releasing strategic diesel reserves to combat record-high fuel prices caused by global supply chain disruptions. The G7-coordinated effort, overseen by the International Energy Agency, aims to inject 100 million barrels into the market over four months.

The Russian authorities have expanded the list of priority areas for fuel supplies to include energy facilities for the winter period and regions that have entered into agreements with independent gas stations to stabilize prices.

EU countries are considering the possibility of releasing 50 million barrels of diesel fuel at the request of the United States. Washington has threatened to ban energy exports if European countries do not fulfill their supply obligations to the world market.

Russian Deputy Prime Minister Alexander Novak stated that oil refineries are investing heavily in security and rapid repair capabilities to maintain stable operations and mitigate fuel shortages caused by production disruptions.

Russian Deputy Prime Minister Alexander Novak announced large-scale work to strengthen the protection of oil refineries, as a result of which the damage from raids has become significantly lower.

LNG shipments through the Strait of Hormuz began to recover in early fall, reaching 19 shipments in September. Despite the increase in supplies from Qatar and the UAE, risks to shipping remain, and QatarEnergy has extended its force majeure until November.