Trump announces Russian diesel deal amid soaring US fuel prices
United States President Donald Trump said that Russia has agreed to supply 300,000 tonnes of diesel fuel to global markets amid discussions with Russian President Vladimir Putin. “I have just concluded a highly successful discussion with President Vladimir Putin, of Russia, wherein it was agreed that Russia will immediately supply over 300,000 Tons of Diesel […]
United States President Donald Trump announced Russia's agreement to supply 300,000 tonnes of diesel fuel to global markets. The deal, discussed with Russian President Vladimir Putin, includes an additional 500,000 tonnes in November and 1,000,000 tonnes immediately following that. Trump claimed this would benefit both American and global markets.
Russian envoy Kirill Dmitriev praised the cooperation between Russia and the United States on diesel and energy, stating it would benefit the world. Despite Ukraine's air strikes disabling half of the country's oil refining capacity, the deal was announced. This comes a week after the G7 nations agreed to release 100 million barrels of oil due to White House pressure.
Diesel prices have fluctuated, currently averaging $6.27 per gallon ($1.66 per liter) according to AAA, down $0.10 from last week but up $5.94 from the same time last month.
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