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Fuel deal gone too far? Trump wants 4.8 million tonnes of diesel from Russia: Can Moscow deliver what it promised?
Trump's 4.8 million tonne Russian diesel request raises supply uncertainty.
Context
What happened: Trump said Russia will send the US up to 4.8 million tonnes of diesel, about 36 million barrels, after a call with Putin. The US Treasury issued a temporary licence for Russian diesel deliveries.
Key numbers: Up to 4.8 million tonnes, about 35.8 million barrels.
Why it matters: Analysts cited by the AP said the deal is unlikely to significantly lower diesel prices, since volumes are limited and diverted supplies would push Russia's existing buyers to seek fuel elsewhere. Novak said Russia is lifting export restrictions ahead of schedule.
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What changed
Trump said Russia will send the US up to 4.8 million tonnes of diesel, about 36 million barrels, after a call with Putin. The US Treasury issued a temporary licence for Russian diesel deliveries.
Why it matters
Analysts cited by the AP said the deal is unlikely to significantly lower diesel prices, since volumes are limited and diverted supplies would push Russia's existing buyers to seek fuel elsewhere. Novak said Russia is lifting export restrictions ahead of schedule.