The Trump administration said it was not considering a ban on oil exports after industry bosses warned it not to panic by taking drastic actions to contain surging energy prices.
A Trump administration official said: “Oil and gas export restrictions are not under consideration.”
Ahead of a meeting between US vice-president JD Vance, congressional leaders and senior oil industry executives on Thursday, top shale bosses said any ban would hurt American producers and backfire on the administration’s strategy to push for more drilling.
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