Chevron CEO Warns Diesel Export Ban Would Raise Prices

Chevron Corp. Chief Executive Officer Mike Wirth warned on Tuesday that a potential United States ban on diesel exports could increase fuel prices in certain regions of the country. Speaking at the Energy Intelligence Forum in London, Wirth stated that such curbs would negatively impact international allies who depend on American supplies.

Wirth characterized the move as sending a "very bad signal" regarding the reliability of the United States as a supplier during times of need. He noted that the restrictions could create upward pressure on prices in some parts of the country.