Trump Administration Rules Out Ban on Oil and Gas Exports Amid Fuel Price Pressures

Deep News02:00

A Trump administration official stated on Thursday that the White House is not considering imposing restrictions on oil and natural gas exports. This announcement came shortly after U.S. Vice President JD Vance met with oil industry executives.

The official emphasized, "There is no consideration of restrictions on oil and gas exports."

The meeting, held at the American Petroleum Institute, took place as President Donald Trump faces significant political pressure due to rising fuel prices amid the Iran conflict.

The outcome of the November midterm elections is expected to hinge largely on public perception of living costs, with polls indicating dissatisfaction with Trump's handling of economic issues. According to AAA data, the national average gasoline price rose to $3.88 per gallon on Thursday, nearly a dollar higher than before the conflict began a month ago.

Experts warn that banning oil exports could disrupt global markets, harm shale drilling activities, and ultimately provide little relief to American drivers. In 2015, Congress lifted a 40-year-old ban on crude oil exports, a move that reshaped global oil flows, altered geopolitical dynamics, and impacted the broader economy. The U.S. is now the world's largest oil producer, exporting crude to over 50 countries and often surpassing the export volumes of all OPEC members except Saudi Arabia.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1143202707?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-03-20 02:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1143202707","market":"sh","top_or_hot":-1,"title":"Trump Administration Rules Out Ban on Oil and Gas Exports Amid Fuel Price Pressures","media":"Deep News","content":"<p>A Trump administration official stated on Thursday that the White House is not considering imposing restrictions on oil and natural gas exports. This announcement came shortly after U.S. Vice President JD Vance met with oil industry executives.</p>\n<p>The official emphasized, \"There is no consideration of restrictions on oil and gas exports.\"</p>\n<p>The meeting, held at the American Petroleum Institute, took place as President Donald Trump faces significant political pressure due to rising fuel prices amid the Iran conflict.</p>\n<p>The outcome of the November midterm elections is expected to hinge largely on public perception of living costs, with polls indicating dissatisfaction with Trump's handling of economic issues. According to AAA data, the national average gasoline price rose to $3.88 per gallon on Thursday, nearly a dollar higher than before the conflict began a month ago.</p>\n<p>Experts warn that banning oil exports could disrupt global markets, harm shale drilling activities, and ultimately provide little relief to American drivers. In 2015, Congress lifted a 40-year-old ban on crude oil exports, a move that reshaped global oil flows, altered geopolitical dynamics, and impacted the broader economy. The U.S. is now the world's largest oil producer, exporting crude to over 50 countries and often surpassing the export volumes of all OPEC members except Saudi Arabia.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Trump Administration Rules Out Ban on Oil and Gas Exports Amid Fuel Price Pressures</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTrump Administration Rules Out Ban on Oil and Gas Exports Amid Fuel Price Pressures\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2026-03-20 02:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>A Trump administration official stated on Thursday that the White House is not considering imposing restrictions on oil and natural gas exports. This announcement came shortly after U.S. Vice President JD Vance met with oil industry executives.</p>\n<p>The official emphasized, \"There is no consideration of restrictions on oil and gas exports.\"</p>\n<p>The meeting, held at the American Petroleum Institute, took place as President Donald Trump faces significant political pressure due to rising fuel prices amid the Iran conflict.</p>\n<p>The outcome of the November midterm elections is expected to hinge largely on public perception of living costs, with polls indicating dissatisfaction with Trump's handling of economic issues. According to AAA data, the national average gasoline price rose to $3.88 per gallon on Thursday, nearly a dollar higher than before the conflict began a month ago.</p>\n<p>Experts warn that banning oil exports could disrupt global markets, harm shale drilling activities, and ultimately provide little relief to American drivers. In 2015, Congress lifted a 40-year-old ban on crude oil exports, a move that reshaped global oil flows, altered geopolitical dynamics, and impacted the broader economy. The U.S. is now the world's largest oil producer, exporting crude to over 50 countries and often surpassing the export volumes of all OPEC members except Saudi Arabia.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DWT","symbol_name":"三倍做空原油ETN","start_time":0,"source_url":"","article_id":"1143202707","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1143202707","pubTimestamp":1773943224,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"A Trump administration official stated on Thursday that the White House is not considering imposing restrictions on oil and natural gas exports. This announcement came shortly after U.S. Vice...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"DWT":"三倍做空原油ETN","BK4588":"碎股","XOP":"油气开采指数ETF-SPDR S&P","DDG":"ProShares做空石油与天然气ETF","DGAZ":"三倍做空天然气ETN(VelocityShares)","USO":"美国原油ETF","UGAZ":"三倍做多天然气ETN(VelocityShares)","UCO":"二倍做多彭博原油ETF","BK4570":"地缘局势概念股","UNG":"美国天然气基金","BK4585":"ETF&股票定投概念","DUG":"二倍做空石油与天然气ETF(ProShares)","SCO":"二倍做空彭博原油指数ETF","XLE":"SPDR能源指数ETF"},"translate_title":"特朗普政府在燃油价格压力下排除禁止石油和天然气出口的可能性","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UCO":1,"DWT":1,"CLmain":1,"QMmain":1,"DUG":1,"MNGmain":1,"UNG":1,"QGmain":1,"XLE":1,"XOP":1,"UGAZ":1,"SCO":1,"DGAZ":1,"DDG":1,"USO":1,"NGmain":1,"BZmain":1},"content_text":"A Trump administration official stated on Thursday that the White House is not considering imposing restrictions on oil and natural gas exports. This announcement came shortly after U.S. Vice President JD Vance met with oil industry executives.\nThe official emphasized, \"There is no consideration of restrictions on oil and gas exports.\"\nThe meeting, held at the American Petroleum Institute, took place as President Donald Trump faces significant political pressure due to rising fuel prices amid the Iran conflict.\nThe outcome of the November midterm elections is expected to hinge largely on public perception of living costs, with polls indicating dissatisfaction with Trump's handling of economic issues. According to AAA data, the national average gasoline price rose to $3.88 per gallon on Thursday, nearly a dollar higher than before the conflict began a month ago.\nExperts warn that banning oil exports could disrupt global markets, harm shale drilling activities, and ultimately provide little relief to American drivers. In 2015, Congress lifted a 40-year-old ban on crude oil exports, a move that reshaped global oil flows, altered geopolitical dynamics, and impacted the broader economy. The U.S. is now the world's largest oil producer, exporting crude to over 50 countries and often surpassing the export volumes of all OPEC members except Saudi Arabia.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1143202707","isCrawlerRequest":true}