Exxon CEO Warns Biden Administration Against Limiting Fuel Exports

Exxon Mobil Corp.

is pushing back against reductions of U.S. fuel exports urged by the Biden administration in August, arguing that restricting shipments would further squeeze global supplies and lift pump prices at home.

Exxon


XOM -0.20%

told the Energy Department this week that the oil industry should not slow fuel shipments in favor of putting more in storage tanks, according to a letter reviewed by The…

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