5 hrs ago
UK, Europe Discuss Diesel Reserves Amid Possible US Export Restrictions
The United Kingdom is worried that it could receive less diesel from the United States.
Several countries are discussing whether to release fuel kept for emergencies.
The United States wants European countries to add more diesel to the market and lower prices.
Diesel supplies are under pressure because of disruptions involving the Middle East, Russia, and China.
Britain gets more than one-third of its diesel imports from the United States.
UK diesel prices have reached a record level.
Britain has fuel reserves equal to about 120 days of net imports.
However, using those reserves would only provide temporary help while normal supplies are restored.
The United Kingdom is discussing a possible emergency diesel-reserve release with European allies.
The United States is considering restricting diesel exports as fuel prices rise.
The United Kingdom received 35.5% of its diesel imports from the United States in 2024.
UK diesel prices reached a record average of 199.18 pence per litre.
Emergency reserves could provide temporary relief, but would not permanently resolve supply shortages.
- Who
- Officials from the United Kingdom, France, Germany, Italy, Ireland, the European Commission, and the United States are involved.
- What
- They are discussing whether to release emergency diesel reserves while the United States considers restricting diesel exports.
- Where
- The discussions involve European governments and the wider international fuel market.
- When
- The discussions took place on Thursday, and the UK data cited covers 2024 and July 2025.
- Why
- Global refined-fuel supplies are under pressure, prices are rising, and a US export restriction could affect British diesel availability.
US Case for Releases
European Supply Concerns
Whether to release reserves
US Case for Releases
The United States is urging European countries to release emergency diesel stocks to increase supply and reduce fuel prices.
European Supply Concerns
European governments must weigh immediate market relief against preserving reserves intended for severe disruptions.
Possible US export restrictions
US Case for Releases
The United States is considering export restrictions as it seeks multiple ways to increase refined-product supplies and lower consumer costs.
European Supply Concerns
The United Kingdom is concerned that reduced American exports could disrupt its fuel market because the United States is its largest single diesel-import source.
Effect of reserve releases
US Case for Releases
Releasing stocks could provide additional diesel while supplies from other sources remain disrupted.
European Supply Concerns
Reserve releases would offer only a temporary buffer and would not permanently resolve the wider shortage.
Key facts
- UK diesel imports from US
- 35.5% of UK diesel imports came from the United States in 2024.
- Record diesel price
- The UK average reached 199.18 pence per litre.
- UK emergency stocks
- Government figures said stocks equaled about 120 days of net imports in July 2025.
- International requirement
- The UK must maintain stocks equivalent to at least 90 days of net imports under International Energy Agency rules.
- Proposed European release
- The United States reportedly asked the European Union to release 120 million barrels over six months.
- March contribution
- The UK agreed to contribute 13.5 million barrels to a 400-million-barrel International Energy Agency release.
- European reserves
- Germany reportedly holds about 5.6 million tonnes of emergency diesel and France about 8.2 million tonnes.
Quotes
A US official
A US government official quoted by Reuters
“It is in Europe's best interest to work with the United States as we pursue multiple pathways to boost the supply of refined products and lower costs for consumers.”
easterneye.biz
Chris Wright
US Energy Secretary
“We've lost some diesel exports from the Middle East, although we're restoring those, and we've lost diesel exports from China. So that's a lot of interruptions.”
easterneye.biz
Sources
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