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White House urges EU to draw down diesel inventories, sources say

White House urges EU to draw down diesel inventories, sources say

By Jarrett Renshaw Sept 29 (Reuters) - The White House has urged the European Union to draw down emergency diesel inventories in an effort to lower global prices, as President Donald Trump and his administration pursue a range of options to ease fuel costs ahead of November's midterm elections,

EU nations seek energy alternatives after spending over $113 billion extra since Iran war began

EU nations seek energy alternatives after spending over $113 billion extra since Iran war began

European Union nations have spent over an extra $113.5 billion on energy imports since the Iran war began, forcing politicians to seek alternatives to fossil fuels as prices skyrocket

Oil prices settle down 2.5% on signs Middle East exports recovering

Oil prices settle down 2.5% on signs Middle East exports recovering

By Arathy Somasekhar HOUSTON, Sept 29 (Reuters) - Oil prices settled 2.5% lower on Tuesday as investors focused on signs of recovering crude exports from the Middle East, although prices headed for monthly gains on lingering concern about supply disruptions during the US-Israeli war on Iran.

Why diesel prices are an economic time bomb

Why diesel prices are an economic time bomb

Diesel costs more. Soon, so will everything else.

The Latest: Trump administration loosens fuel economy standards

The Latest: Trump administration loosens fuel economy standards

The Trump administration has released new fuel economy standards that relax regulatory requirements for automakers to control pollution from gasoline-powered cars and light trucks

Oil prices up, but off highs as Qatari mediators plan US-Iran talks

Oil prices up, but off highs as Qatari mediators plan US-Iran talks

By Scott DiSavino NEW YORK, Sept 28 (Reuters) - Oil prices rose on Monday, but eased off session highs on expectations that Qatari mediators would hold talks with the US and Iran to try to find a possible peace deal.

Oil price gains pared as Qatar-US-Iran talks loom

Oil price gains pared as Qatar-US-Iran talks loom

By Scott DiSavino NEW YORK, Sept 28 (Reuters) - Oil prices edged up on Monday but eased off session highs on expectations that Qatari mediators would hold talks with the US and Iran to find a possible peach deal.

Oil prices settle slightly higher on supply worries as Trump rejects Iran proposal

Oil prices settle slightly higher on supply worries as Trump rejects Iran proposal

By Scott DiSavino NEW YORK, Sept 28 (Reuters) - Oil prices settled slightly higher on Monday on worries about ongoing supply disruptions as Qatari mediators pledged to hold talks with the US and Iran in hopes of finding a peace deal to reopen the Strait of Hormuz.

Oil prices rise 2% after Trump rejects Iran peace deal

Oil prices rise 2% after Trump rejects Iran peace deal

NEW YORK, Sept 28 (Reuters) - Oil prices climbed about 2% on Monday after US President Donald Trump rejected a peace deal from Iran to resolve their conflict and reopen the Strait of Hormuz. Brent futures were up $2.28, or 2.2%, at $106.60 a barrel at 10:27 a.m.

Pope Leo urges concessions for peace as Ukraine war drags on

Pope Leo urges concessions for peace as Ukraine war drags on

METZ, France, Sept 28 (Reuters) - Pope Leo said on Monday that negotiators seeking to end war in Europe must be willing to sacrifice some positions to achieve peace, as efforts to end Russia's bloody war in Ukraine continue to fail.

White House weighs red-dyed diesel tax relief to lower fuel prices

White House weighs red-dyed diesel tax relief to lower fuel prices

By Jarrett Renshaw and Nicole Jao Sept 28 (Reuters) - The White House is considering regulatory relief that would allow broader sales of red-dyed diesel as part of an effort to bring down soaring prices, a move that could allow some buyers to avoid the federal fuel tax, according to two people

Oil gains over 3% as US-Iran peace talks in stalemate

Oil gains over 3% as US-Iran peace talks in stalemate

By Anushree Mukherjee LONDON, Sept 28 (Reuters) - Brent crude oil rebounded more than 3% on Monday after US President Donald Trump rejected a peace deal from Iran to resolve their conflict and reopen the Strait of Hormuz.