Russian diesel exports double after Trump lifts sanctions, but US gets none
Boost in shipments expected to be shortlived after Ukraine resumes attacks on refineries
Russia's diesel fuel exports nearly doubled to 271,000 barrels per day in October, according to the Financial Times citing Kpler data. This surge followed the Trump administration's request to Ukraine to cease strikes on Russian oil refineries. In an intriguing "diesel deal" with Vladimir Putin, the U.S. Treasury Department temporarily reduced sanctions on Russian diesel.
As part of this arrangement, four tankers carrying diesel reached the United States, but they have yet to arrive at American ports. Diesel exports have also climbed to other nations like Brazil and Turkey. President Trump claimed the deal with Putin would lower fuel prices in the U.S., yet experts believed this would not materialize, noting that Russia's supply is insufficient to impact the U.S. fuel market.
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