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Trump’s Russian Diesel Deal Offers Little Relief for US Fuel Prices

Published by
Nidhi Kolhapur

US President Donald Trump says Russia will release 4.8 million tons of diesel, equivalent to about 35.8 million barrels. However, the supply would cover only around nine days of US diesel demand, based on EIA data. Just 300,000 tons are expected initially, while Ukrainian strikes have constrained Russian refining capacity. Jefferies warns the deal is unlikely to significantly reduce diesel prices because the promised supply must serve global markets, not just the US.

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Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

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