TRUMP DIESEL DEAL WITH RUSSIA WONT LOWER GAS PRICES FOR AMERICANS

What happened: On October 9 Trump announced the U.S. would temporarily lift some sanctions on Russian oil, and Russia promised to supply 2.25 million barrels of diesel to global markets including the U.S. Key numbers: 2.25 million barrels of Russian diesel committed; U.S. energy sector uses almost 3 million barrels a day; global demand around 29 million barrels a day; deal announced October 9. Why it matters: Experts quoted call the volume minuscule and unlikely to lower U.S. prices, while critics say the benefit to Russia is greater than the cosmetic benefit to the U.S.

On October 9 Trump announced the U.S. would temporarily lift some sanctions on Russian oil, and Russia promised to supply 2.25 million barrels of diesel to global markets including the U.S.

Experts quoted call the volume minuscule and unlikely to lower U.S. prices, while critics say the benefit to Russia is greater than the cosmetic benefit to the U.S.