Trumps' Russia diesel deal will do little for U.S. prices, analysts say

What happened: Trump announced Russia will supply 300K metric tons of diesel to the U.S. and global market, with further volumes planned in November and later. Most analysts said the deal is unlikely to significantly lower U.S. diesel prices. Key numbers: Initial release 300K metric tons, about 75K bbl/day. Global diesel demand about 28M-29M bbl/day; U.S. Why it matters: Analysts doubt the volumes can materialize or move prices, citing reduced Russian refining capacity and limited impact versus global demand. Crude rose as Middle East supply risks outweighed the diesel news. Coverage: 14 outlets in 24h

Trump announced Russia will supply 300K metric tons of diesel to the U.S. and global market, with further volumes planned in November and later. Most analysts said the deal is unlikely to significantly lower U.S. diesel prices.

Analysts doubt the volumes can materialize or move prices, citing reduced Russian refining capacity and limited impact versus global demand. Crude rose as Middle East supply risks outweighed the diesel news.