Exxon Tells U.S. Administration Fuel Export Curbs Will Raise Gasoline Prices ...Middle East

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Exxon Tells U.S. Administration Fuel Export Curbs Will Raise Gasoline Prices
source : OILPRICE ( Middle East ) () 22
The Biden Administration’s calls for U.S. refiners to limit their fuel exports would only lead to a more severe crunch overseas which will push crude oil prices and gasoline prices in America higher, U.S. supermajor ExxonMobil has warned. In August, amid low inventories at home, the Biden Administration urged American refiners to limit their fuel exports, according to a letter U.S. Energy Secretary Jennifer Granholm had sent to seven big refiners obtained by The Wall Street Journal. “Given the historic level of U.S. refined…

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