Business · Energy & Commodities · 15 hrs ago
Russia says diesel supplies are sufficient as exports resume
Russia says it has enough diesel for domestic needs and exports as fuel shipments begin reaching global markets.
The shipments follow an understanding with the United States aimed at easing pressure on fuel prices.
Diesel is widely used in trucks, shipping, farming and industry, so higher prices can raise the cost of moving and producing goods.
Prices have climbed amid disruption in energy markets and geopolitical tensions, including the US war with Iran that began in February, according to the report.
More Russian diesel could ease supply pressures, but its effect depends on how much is shipped and how quickly it reaches buyers.
Ukraine has resumed drone attacks on Russian refineries after saying it paused them for three days at the US initiative; Russia says the recent strikes caused no major refinery damage.
Markets will watch actual exports and refinery operations as they assess whether fuel supplies and prices remain stable.
Russia says it has enough diesel to meet domestic demand and continue exports.
Russian diesel has begun reaching global markets under an understanding with the United States aimed at easing price pressures.
Russian Deputy Prime Minister Alexander Novak made the supply statement on Friday.
The Kremlin said on Thursday that diesel deliveries to global markets had begun.
The developments come amid energy-market disruption and attacks on Russian oil refineries.
- Who
- Russia, including Deputy Prime Minister Alexander Novak, says diesel supplies are sufficient. The United States is involved in an understanding on exports.
- What
- Russian diesel exports to global markets have resumed, and Russia says it can meet domestic demand and export commitments.
- When
- The Kremlin said deliveries began on Thursday; Novak made his statement on Friday.
- Where
- Russian diesel is reaching global markets. The Ryazan refinery, southeast of Moscow, was targeted in a Ukrainian drone attack.
- Why
- The understanding aims to ease fuel-price pressures amid energy-market disruption and geopolitical tensions.
Russia
Ukraine
Reason for refinery attacks
Russia
Russia says the recent strikes did not cause major damage and that Moscow will respond.
Ukraine
Kyiv says it resumed the attacks after a three-day pause because Russian strikes on Ukrainian power stations and energy infrastructure continued.
Donald Trump and Vladimir Putin announced an agreement on Russian diesel exports to the United States and global markets.
The Kremlin announced that Russian diesel had begun reaching global markets.
Alexander Novak said Russia had enough diesel for domestic consumers and export commitments.
- Diesel supply
- Russia says supplies cover domestic demand and export commitments
- Export destinations
- United States and global markets
- Agreement announced
- Last week, by Donald Trump and Vladimir Putin
- Deliveries began
- Thursday
- Refinery targeted
- Ryazan, southeast of Moscow
What people are saying
Russia has sufficient diesel supplies to cover the needs of domestic consumers and meet its export commitments.
The recent Ukrainian strikes did not cause significant damage to refineries.