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PITTSBURGH — The Biden administration will not be contemplating proper now any restrictions on U.S. oil product exports, U.S. Vitality Secretary Jennifer Granholm informed reporters on Friday.
Granholm late final month had urged U.S. refiners to construct inventories of oil merchandise like gasoline and diesel given excessive oil costs, warning that if it didn’t occur the administration would wish to think about federal actions and emergency measures. “Restrictions will not be being thought of at the moment,” Granholm mentioned when requested about any limits on U.S. oil product exports. (Reporting by Valerie Volcovici and Timothy Gardner)