Business · Energy & Commodities · 1 day ago

Proposed Russian Diesel Shipment Unlikely to Lower US Fuel Prices

Proposed Russian Diesel Shipment Unlikely to Lower US Fuel Prices

President Donald Trump has agreed to obtain diesel from Russia, with a shipment proposed for November.

The amount would equal roughly one day of US diesel consumption.

That is why the deal is unlikely to significantly lower fuel prices in the United States.

It is also uncertain whether Russia can deliver the fuel.

Damage to Russian refineries, transport difficulties and possible legal restrictions could all stand in the way.

The agreement could also complicate Ukraine's campaign against Russian energy.

No further steps or delivery details are given.

Sources

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