net_left adver left
Detail

U.S. refiners to urge White House not to ban fuel exports -sources

By Jarrett Renshaw and Laura Sanicola (Reuters) - U.S. refiners will try to convince the Biden administration not to ban exports of U.S. fuel to combat record gas prices during a...
U.S. refiners to urge White House not to ban fuel exports -sources © Reuters. FILE PHOTO: Cargo shipping containers are seen in a storage yard surrounded by petroleum storage tanks and oil refineries in Carson, California, U.S., March 11, 2022. Picture taken March 11, 2022. Picture taken with a drone. REUTERS/Bing Guan

By Jarrett Renshaw and Laura Sanicola

(Reuters) - U.S. refiners will try to convince the Biden administration not to ban exports of U.S. fuel to combat record gas prices during a meeting scheduled for Thursday, according to sources familiar with the plans.

The White House has called an emergency meeting with top U.S. refiners to discuss ways to bring down record gas prices that have driven inflation to 40-year highs. The meeting follows weeks of mudslinging between U.S. President Joe Biden and oil companies over who is to blame for the price spikes, which are affecting consumers worldwide. [L1N2Y2111]

In the weeks leading up to the meeting, White House officials signaled to refiners that they were considering either a partial or full ban on fuel exports to help lower the domestic price of gas and diesel. [L1N2Y9018]

The United States is the world's biggest exporter of refined products, lately shipping a near-record of 6 million barrels per day of products including gasoline and diesel, according to federal data. Restricting exports could temporarily flood the U.S. market, lowering prices, but refiners could respond by reducing output.

Refining officials also are preparing to make the case that an export ban would anger allies and lead to refining production cuts as companies lose access to global markets that have become crucial to revenues.

“Not only will limitations or outright bans of petroleum products have the exact opposite effect than intended – raising fuel prices instead of lowering them and placing additional refining capacity at risk – it would hurt our allies in Latin America and Europe," a spokesperson for the American Fuel and Petrochemical Manufacturers said.

Mexico, Canada and Japan are among the top buyers of U.S. refined products, and Europe has increased purchases in recent weeks to make up for lost Russian supply following Moscow's decision to invade Ukraine in February.

The refiners will also suggest their favorite short-term options to lower gas prices, such as waiving summertime fuel specifications designed to reduce smog, relaxing shipping rules requiring union labor and approving new renewable fuel technology, the sources said.

Biden is already calling on Congress on Wednesday to pass a three-month suspension of federal gasoline and diesel taxes.

The White House did not respond to requests for comment.

In 2015, The U.S. lifted a 40-year ban on crude oil exports that was put in place to help keep the country less dependent on the Middle East. In the last two years, the country has become a net exporter of crude oil and refined products, making it one of the most important players in global energy markets.

“If refiners aren’t allowed to export, they’re just going to slow down production and cut the refinery utilization rate,” according to Bob Yawger, director of energy futures at Mizuho.

Yawger said excess products would likely be sent into inventories, which are at multi-year lows.

“Refiners would lose money on it and refiners are not a charity,” he added.

HOT AUTO TRADE BOT SOFTWARE adver right
APPROVED BROKERS
net_home_top HOT AUTO TRADE BOT SOFTWARE
27-06-2022 06:35:46 (UTC+7)

EUR/USD

1.0568

+0.0014 (+0.13%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (4)

Sell (4)

EUR/USD

1.0568

+0.0014 (+0.13%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (4)

Sell (4)

GBP/USD

1.2290

+0.0028 (+0.23%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (5)

Sell (2)

USD/JPY

135.13

-0.04 (-0.03%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

AUD/USD

0.6953

+0.0006 (+0.08%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (1)

USD/CAD

1.2888

-0.0004 (-0.03%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (0)

Sell (7)

EUR/JPY

142.79

+0.13 (+0.09%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (1)

Sell (7)

EUR/CHF

1.0115

+0.0006 (+0.06%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (3)

Sell (5)

Gold Futures

1,832.85

+2.55 (+0.14%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (9)

Silver Futures

21.198

+0.039 (+0.18%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (8)

Copper Futures

3.7755

+0.0310 (+0.83%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Crude Oil WTI Futures

106.53

-1.09 (-1.01%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (2)

Brent Oil Futures

108.06

-1.04 (-0.95%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (7)

Sell (1)

Natural Gas Futures

6.228

-0.053 (-0.84%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (4)

Sell (3)

US Coffee C Futures

223.40

-5.60 (-2.45%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (7)

Sell (0)

Euro Stoxx 50

3,533.17

+96.88 (+2.82%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (4)

Sell (4)

S&P 500

3,911.74

+116.01 (+3.06%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

DAX

13,118.13

+205.54 (+1.59%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (2)

Sell (7)

FTSE 100

7,208.81

+188.36 (+2.68%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (7)

Sell (1)

Hang Seng

21,719.06

+445.19 (+2.09%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

US Small Cap 2000

1,765.74

+54.06 (+3.16%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

IBEX 35

8,244.10

+137.70 (+1.70%)

Summary

Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (3)

Sell (5)

BASF SE NA O.N.

42.215

+0.785 (+1.89%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (7)

Sell (1)

Bayer AG NA

57.79

-0.75 (-1.28%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (2)

Sell (7)

Allianz SE VNA O.N.

181.20

+2.20 (+1.23%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (2)

Sell (4)

Adidas AG

170.36

+3.30 (+1.98%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (3)

Sell (5)

Deutsche Lufthansa AG

5.966

-0.310 (-4.94%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (3)

Sell (6)

Siemens AG Class N

102.62

+3.36 (+3.39%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (6)

Sell (1)

Deutsche Bank AG

8.919

+0.407 (+4.78%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

    EUR/USD 1.0568 Neutral  
    GBP/USD 1.2290 Neutral  
    USD/JPY 135.13 ↑ Sell  
    AUD/USD 0.6953 Buy  
    USD/CAD 1.2888 ↑ Sell  
    EUR/JPY 142.79 ↑ Sell  
    EUR/CHF 1.0115 Neutral  
    Gold 1,832.85 ↑ Sell  
    Silver 21.198 ↑ Sell  
    Copper 3.7755 ↑ Buy  
    Crude Oil WTI 106.53 ↑ Buy  
    Brent Oil 108.06 Neutral  
    Natural Gas 6.228 Neutral  
    US Coffee C 223.40 ↑ Buy  
    Euro Stoxx 50 3,533.17 Neutral  
    S&P 500 3,911.74 ↑ Buy  
    DAX 13,118.13 ↑ Sell  
    FTSE 100 7,208.81 ↑ Buy  
    Hang Seng 21,719.06 ↑ Buy  
    Small Cap 2000 1,765.74 ↑ Buy  
    IBEX 35 8,244.10 Sell  
    BASF 42.215 ↑ Buy  
    Bayer 57.79 ↑ Sell  
    Allianz 181.20 ↑ Sell  
    Adidas 170.36 ↑ Sell  
    Lufthansa 5.966 ↑ Sell  
    Siemens AG 102.62 ↑ Buy  
    Deutsche Bank AG 8.919 ↑ Buy  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,760/ 6,840
(6,760/ 6,840) # 1,696
SJC HCM6,785/ 6,865
(0/ 0) # 1,716
SJC Hanoi6,785/ 6,867
(0/ 0) # 1,718
SJC Danang6,785/ 6,867
(0/ 0) # 1,718
SJC Nhatrang6,785/ 6,867
(0/ 0) # 1,718
SJC Cantho6,785/ 6,867
(0/ 0) # 1,718
Cập nhật 27-06-2022 06:35:48
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,831.03 +3.75 0.21%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩm Vùng 1 Vùng 2
RON 95-V33.47034.130
RON 95-III32.87033.520
E5 RON 92-II31.30031.920
DO 0.05S30.01030.610
DO 0,001S-V30.81031.420
Dầu hỏa 2-K28.78029.350
ↂ Giá dầu thô thế giới
WTI $106.56 +0.98 0.92%
Brent $109.81 +3.26 2.97%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.080,0023.390,00
EUR23.828,4125.163,09
GBP27.747,3328.930,97
JPY167,31177,13
KRW15,4518,82
Cập nhật lúc 06:31:38 27/06/2022
Xem bảng tỷ giá hối đoái
adver main right