Business · Energy & Commodities · 16 hrs ago
Russia and US hold talks on diesel fuel supplies to American market
Russia and the United States are discussing diesel supplies for the American market, Deputy Prime Minister Alexander Novak said.
After a phone call on October 9, US President Donald Trump said Russia had agreed to supply more than 300,000 tonnes to US and global markets, with further shipments planned.
Trump said 500,000 tonnes would follow in November and one million tonnes after that, while Russia could later export more depending on the situation.
Novak said Russia’s domestic fuel needs remain the priority and that the country’s market is fully supplied.
He said Russia could raise diesel exports to 3.5 million tonnes a month by the end of 2026, helping supply the US and ease disruption linked to the Strait of Hormuz.
Talks between energy officials and companies are under way, and the US Treasury temporarily eased sanctions to allow the deal.
Russia and the United States are negotiating diesel fuel supplies for the American market, Russian Deputy Prime Minister Alexander Novak said.
Novak said talks are under way between energy ministries and between Russian companies and buyers.
He said Russia could increase diesel exports to 3.5 million tonnes a month by the end of 2026, while keeping its domestic market supplied.
The article reports that Russian President Vladimir Putin and US President Donald Trump agreed on October 9 to supply more than 300,000 tonnes of diesel to US and global markets.
The United States temporarily eased anti-Russian sanctions to enable the deal, according to the article.
- Who
- Russia and the United States, including their energy ministries, companies and buyers.
- What
- They are negotiating Russian diesel supplies to the US market.
- When
- Novak announced the talks on October 12, 2026. The article says the presidents agreed on supplies on October 9.
- Where
- The intended market includes the United States; the article also refers to global markets.
- Why
- Novak said Russian domestic fuel needs are met and that supplies could help balance the situation related to the Strait of Hormuz.
This story does not have two clearly opposing sides.
Putin and Trump agreed on Russian diesel supplies to US and global markets.
Novak said negotiations were under way between the two countries' energy ministries, companies and buyers.
Trump said another 500,000 tonnes would be supplied.
Trump said 1 million tonnes would be supplied, followed by the possibility of an additional 3 million tonnes depending on the situation.
- Potential monthly exports by end of 2026
- 3.5 million tonnes
- Initial supply agreement
- More than 300,000 tonnes
- Further supply cited by Trump
- 500,000 tonnes in November
- Possible additional exports cited by Trump
- 3 million tonnes, depending on the situation
What people are saying
Today, negotiations are already under way between our companies and buyers of Russian raw materials, as well as between the Ministry of Energy of Russia and the Ministry of Energy of the United States of America
Sources
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