Home Investing News Biden admin not considering restrictions on oil product exports – Energy Sec

Biden admin not considering restrictions on oil product exports – Energy Sec

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Biden admin not considering restrictions on oil product exports – Energy Sec By Reuters

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Commodities 49 minutes ago (Sep 23, 2022 10:40AM ET)

(C) Reuters. FILE PHOTO: U.S. Energy Secretary Jennifer Granholm speaks to reporters during a press briefing at the White House in Washington, U.S., June 22, 2022. REUTERS/Kevin Lamarque

PITTSBURGH (Reuters) – The Biden administration is not considering right now any restrictions on U.S. oil product exports, U.S. Energy Secretary Jennifer Granholm told reporters on Friday.

Granholm late last month had urged U.S. refiners to build inventories of oil products like gasoline and diesel given high oil prices, warning that if it did not happen the administration would need to consider federal actions and emergency measures. “Restrictions are not being considered at this time,” Granholm said when asked about any limits on U.S. oil product exports.

Biden admin not considering restrictions on oil product exports – Energy Sec

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