Chris Wright Says Diesel Exports From Arabian Gulf Likely to Increase

🌐 Bloomberg (United States) —

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US Energy Secretary Chris Wright expects diesel exports from the Arabian Gulf to increase, saying additional supply could help bring diesel prices down amid the war with Iran. He also said Russia could benefit from permitted diesel exports only if it agrees to an energy ceasefire or ends the war.

Energy Secretary Chris Wright said that he expects diesel prices to be 'dropped significantly' but will need increased exports out of the Arabian Gulf to manage it amid the ongoing war with Iran. Wright also Russia's diesel output, saying that the only way Russia can benefit from recently permitted exports of diesel is to deliver a ceasefire on energy or end the war. (Source: Bloomberg)

Conflict Politics Markets Commodities Energy Shipping diesel Arabian Gulf Iran war Russia fuel exports energy prices

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