Business · Energy & Commodities · 2 hrs ago
Oil prices fall on expected Russian diesel supply
Oil prices fell on Monday after US President Donald Trump said Russia and Ukraine had agreed to stop attacks on energy facilities.
The market also expected Russia to supply more diesel, easing concerns about short-term fuel shortages.
Trump said Russia would provide more than 300,000 metric tons of diesel to the United States and global markets.
Brent crude remained above $100 a barrel, partly because fighting and attacks in the Middle East are threatening oil exports and shipping through the Strait of Hormuz.
Uncertainty about how long the pause in attacks will last could limit further price declines.
International Energy Agency head Fatih Birol said countries should consider releasing extra diesel stocks and speed up releases they have already promised.
Meanwhile, Shell, Chevron and BP are working to restart Gulf of Mexico production and return staff after Hurricane Isaias reached the coast.
Oil prices fell on Monday as expectations of increased Russian diesel supplies eased concerns about near-term supply.
Brent crude futures dropped 1.47% to $103.18 a barrel, while US WTI fell 1.68% to $90.31.
ICE gasoil futures, which track diesel prices, fell 3% to $1,436 a barrel.
US President Donald Trump said Russia would immediately supply more than 300,000 metric tons of diesel to the United States and global markets.
Uncertainty over a ceasefire and conflict in the Middle East continued to support oil prices.
- Who
- Oil traders, responding to expected Russian diesel supplies and other market developments.
- What
- Oil prices fell as expectations of increased Russian diesel supplies eased concerns about supply.
- When
- Monday, October 12, 2026.
- Where
- Global oil markets.
- Why
- Expectations that Russia would provide more diesel eased near-term supply concerns; Middle East tensions continued to support prices.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
Trump said Russia would immediately supply more than 300,000 metric tons of diesel to the United States and global markets.
The Houthis claimed responsibility for an attack on Riyadh’s international airport that killed 13 people and injured more than 300.
Saudi officials reported injuries in another attack on the airport.
Oil prices fell as expected Russian diesel supplies eased market concerns about supply.
- Brent crude
- Fell 1.47% to $103.18 a barrel
- US WTI
- Fell 1.68% to $90.31 a barrel
- ICE gasoil
- Fell 3% to $1,436 a barrel
- Expected Russian diesel supply
- More than 300,000 metric tons, or about 2.25 million barrels
- Riyadh airport attack
- 13 people killed and more than 300 injured
Sources
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