President Trump suggested banning US diesel exports, causing shares of major refiners like Valero, Marathon, and Phillips 66 to drop amid fears of lost export revenue. However, no official policy has been enacted, and the administration is still studying the idea. A ban could reduce refinery runs and worsen fuel supply shortages, potentially harming the market more than helping. Industry and political leaders remain divided, with the final decision pending further statements or official notices.
Despite concerns from President Trump's diesel export ban suggestion, Valero (VLO), Marathon (MPC), and Phillips 66 (PSX) are trading positively on Pluang as of Sep 24, 2026 19:41 WIB. Valero is up 1.11% at USD 380.00, closer to its 52-week high of USD 413.28 than its low of USD 156.39. Marathon and Phillips 66 also show gains of 0.95%, with Marathon at USD 392.08 near its 52-week high of USD 424.89, and Phillips 66 at USD 258.91, well above its 52-week low of USD 126.76. This suggests resilience in these refiners despite the export uncertainty.
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