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Chevron CEO Mike Wirth warned Wednesday it would be “unwise” of the US to impose a ban on diesel exports, saying such a policy could actually make the global energy crisis worse.
His comments come as rising Middle East crude exports and an emergency G7 stockpile release appear to have helped to ease supply fears.
The Group of Seven rich democracies say they've agreed to release 100 million barrels of oil and fuel products, starting with “substantial” amounts of diesel after the fuel recently hit record high prices in the U.S. Trump and his Republican Party face...