If the United States institutes a ban on diesel fuel exports, Goldman Sachs analysts estimate it would initially push prices lower. The effect, however, would only continue until storage space fills up, the bank warned.
Goldman Warns Diesel Export Ban Would Send Gasoline Prices Higher
Irina Slav, OilPrice.Com, September 28
Amid reports on the possibility that Washington may suspend diesel fuel exports for a period of 90 days, the investment bank’s analysts calculated that the move, once in effect, could reduce diesel fuel prices by about $0.25 per gallon every week—until diesel storage capacity fills. Once that happens, prices at the pump will start climbing higher again, but this time for gasoline, Reuters reported, citing the bank.
“The longer a diesel export ban lasts, the more disruptive it would likely be by putting upward pressure on gasoline prices because diesel, gasoline, and jet fuel are largely produced together,” Goldman Sachs’ commodity analysts said in a note. According to them, once available storage space fills with gasoline, gasoline prices could add $0.30 per gallon per week.
Meanwhile, the diesel ban would also push up fuel prices in Europe as well, as the continent is the biggest buyer of U.S. energy commodities. Goldman estimates the price effect at $3 per barrel of diesel, equal to about 2% of current prices. An emergency inventory release could cushion the blow by about 50% of that price rise, according to the bank.
“Once a diesel ban is lifted, US diesel prices would likely reconnect with prices elsewhere, including Europe, putting upward pressure on US diesel prices and downward pressure on prices abroad,” the analysts also said.
This raises the question of whether there is even a point to a diesel export ban, if its immediate effect would be short-lived, would then turn adverse on gasoline prices, and eventually, once the ban is lifted, diesel prices would rebound.
Alex Metals Corp., a new discovery-driven exploration company focused on volcanogenic massive sulfide prospects in Southeast Alaska, has raised roughly C$16.1 million ($11.4 million) through financings tied to its public debut and is listed on the TSX Venture Exchange under the ticker symbol ALX.
Alex Metals emerges to explore Alaska
Shane Lasley, North of 60 Mining News, September 25, 2026
“Alex Metals is coming to trade near the end of our first field season, during which we drilled four targets across two projects while completing significant geophysics, mapping, and sampling across our portfolio in Southeast Alaska,” said Alex Metals President and CEO Gwen Preston.
As a former journalist for the Northern Miner and founder of the Resource Maven newsletter, Preston is a familiar name to executives, investors, and others following mining and mineral exploration in North America.
She is joined by Chairman Darwin Green, a mining executive and exploration geologist with more than 25 years of experience in Alaska and Canada, including advancing exploration of the Niblack and Palmer VMS projects in Southeast Alaska.
Alex Metals’ geological team is led by Vice President of Exploration Nathan Steeves, who launched his career with research focused on the Palmer and Greens Creek VMS deposits in Southeast Alaska while earning his PhD from the Centre for Ore Deposit and Earth Sciences at the University of Tasmania.
Glenfarne’s Magnolia LNG has secured a five-year extension from the US FERC to complete construction and place into service its planned liquefaction and export plant in Louisiana.
Glenfarne’s Magnolia LNG secures FERC extension
LNG Prime Staff, LNG Prime, September 25, 2026 (subscription required)
In 2020, Magnolia LNG secured a five-year extension from FERC to complete the facility located near Lake Charles in Calcasieu Parish by April 15, 2026.
Magnolia filed a request with FERC in January this year, seeking an additional five-year extension until April 15, 2031, to complete construction and place the project in service.
The LNG terminal developer told FERC in that request that “good cause” exists to grant its requested extension of time, as Magnolia faced “substantial, unprecedented delays at DOE that could not have been foreseen and were completely outside Magnolia’s control.”
“Because we find that Magnolia has demonstrated good cause for its inability to meet the deadline for constructing and placing into service the Magnolia LNG project and has shown good faith efforts to complete the project, we will grant a five-year extension of time to complete construction of the project and place it into service,” FERC said in its order issued on Tuesday.
Magnolia LNG is granted a five-year extension of time, until April 15, 2031, to construct and make available for service the Magnolia LNG Project.
“Fully committed to realizing the project”
Magnolia said in the January request that regulatory delays at DOE naturally impacted the company’s ability to develop the project, hampering Magnolia’s efforts to secure offtake and advance commercial development.
At the time of DOE’s pause, Magnolia had already shortlisted two major engineering and procurement contractor (EPC) companies from a larger initial group of potential contractors, the firm said.
However, the negotiations as part of this EPC company selection process had to be ceased due to lack of clarity on the status of Magnolia’s non-FTA authorization.
“Notwithstanding these delays, Magnolia remains fully committed to realizing the project, with Magnolia incurring substantial expenditures to develop the project and maintain necessary permits,” it said.
Magnolia’s work has included expenditures for site acquisition, property taxes, facility engineering, technical consulting services, safety and marine consulting services, legal services, and community relations activities.
Moreover, Magnolia noted that it is also a core component of the LNG portfolio of its corporate parent, Glenfarne.
Glenfarne is actively engaged in developing the Texas LNG and Alaska LNG projects.
“Simply put, there is no question that Magnolia is and has remained fully committed to developing the project despite these delays, and an extension of time is necessary to ensure that Magnolia can reach FID and commence and complete construction under a valid authorization,” the company said.
The company recently also signed a long-term feed gas deal with Texas Eastern Transmission for its planned liquefaction and export plant in Louisiana.
Magnolia revealed the signing of the agreement in a letter to the US FERC dated August 10, supplementing its five-year extension request from January.