EU is pushing for coordinated action with the USA in view of the diesel shortage

Milwaukee. In view of the shortage of diesel stocks and sharp price jumps, the European Union is pushing for joint action with the USA. EU trade chief Maros Sefcovic said on Thursday on the sidelines of the G20 trade ministers' meeting that he had discussed the situation with US Trade Representative Jamieson Greer.

Europe wants a coordinated approach to reduce prices and secure supplies on both sides of the Atlantic. Sefcovic also warned against US export restrictions on diesel, saying this would have a damaging impact on the European economy. “We have clearly agreed to remain in close contact to avoid surprises,” Sefcovic said.

The Reuters news agency had previously reported that the US government under President Donald Trump had threatened France and Germany with diesel export restrictions if the two countries did not release fuel from their strategic reserves. Greer told Bloomberg TV that he had discussed the issue with his European counterparts in Milwaukee and expressed the US government's desire to release more reserves.