The Trump administration is pressing the European Union to release emergency diesel stockpiles to boost global supplies and ease prices, Bloomberg reported Thursday, citing people familiar with the matter.

US officials have indicated that releasing some European oil and diesel reserves could help avert a potential US ban on diesel exports, which would affect countries reliant on American supplies, including European nations, the report said.

Trump said Thursday the US may ask European countries to tap their diesel reserves, Bloomberg reported.

The White House did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)