Russian diesel deal unlikely to bring rapid price relief, analysts say
publishers 53articles 60first reported 8 Oct, 17:51 UTCdeveloping since 9 Oct · 12 editions
U.S. President Donald Trump’s agreement to temporarily ease sanctions and permit Russian diesel imports is unlikely to substantially lower fuel prices, according to energy analysts cited by Deutsche Welle and CNA.
Trump announced the sanctions suspension on Oct. 9, saying diesel prices would fall quickly. Russia confirmed the arrangement, with Kremlin spokesman Dmitry Peskov saying on Oct. 13 that diesel supplies would benefit Russia, the United States and global energy markets. CNA reported that the waiver runs until April 2027.
Analysts said the larger constraints stem from wars and disrupted refinery production and shipping. Samina Sultan of the German Economic Institute told DW that the Iran war and disruptions through the Strait of Hormuz and Bab al-Mandeb are the main drivers of high diesel prices. Kpler data cited by DW showed about 13.5 million barrels of crude oil moving through Hormuz daily, while refined-product volumes remained around 677,000 barrels per day, down from 3.6 million before the war.
Russian supplies would also be small relative to U.S. demand. CNA cited an estimate that Russia could release more than 2 million barrels in October, while U.S. consumers use roughly 3.6 million barrels per day. Shipments could take weeks to reach the U.S. East Coast, and damaged Russian refineries may limit later exports.
DW reported that U.S. diesel prices have risen about 60% over the past year to $6.30 a gallon, citing the U.S. Energy Information Administration.
HOW THIS STORY WAS MADE
Written from 8 articles, 2 with the publisher's own text; 8 independent newsrooms once syndicated copies count as one; this version written 144 h after the record first saw the story; the editor kept it as written.
- Publishers
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- Source articles
- 60
- Given to the writer
- 8, 2 with the article's own text
- Independent newsrooms
- 8
- This version written
- 144 h after the record first saw the story
- Second model (editor)
- kept as written
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- passed
- Human review
- none
WHAT THE EDITOR DID
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