Proposed U.S. diesel export ban could raise prices in Canada

U.S. President Donald Trump has said he is considering a ban on diesel exports, a move that analysts say could tighten an already strained global market and push prices higher in Canada and other regions. The article says diesel prices are already elevated because of conflictrelated supply disruptions in the Middle East and Russia's restrictions on exports. In Canada, diesel has been above $2 per litre for weeks, and the higher cost is affecting trucking, farming, home heating in some areas, and power generation in the far north. Experts say a U.S. export ban would not create a diesel shortage in Canada, since the country produces more diesel than it imports, but it could still add pressure to prices. They also note that although keeping more diesel in the U.S. might temporarily lower domestic fuel costs there, it could also reduce refinery output and eventually affect gasoline prices.