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Market Impact: 0.35
Key Fuel Savings Measure Touted by White House Is Fraying
Source: Bloomberg
Energy Markets & PricesTrade Policy & Supply ChainRegulation & Legislation
Cargoes of U.S.-made fuel and crude to parts of the country with significant needs have declined in recent weeks after the White House narrowed a waiver of longstanding shipping requirements. The change raises the risk of higher pump prices and has frustrated oil traders; the article provides no quantified cargo decline or price increase.
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