VeloxiaSignal, not noise.
← Back
Politics🇺🇸 🇷🇺 +11 sources· 11 hours ago

Trump's Russia diesel deal would cover about 10 days of US demand

Why it matters: Analysts say the planned 35.76 million barrels are too small to meaningfully cut prices before the November midterms.

President Donald Trump's agreement to release Russian diesel into global markets would amount to about 35.76 million barrels, or roughly 10 days of U.S. demand, based on figures detailed by CNBC. The White House move breaks with years of sanctions pressure as Trump tries to ease fuel costs that have hit truckers, farmers and inflation ahead of the November midterms. Analysts told CNBC the volumes are too small to materially lower prices, with Goldman Sachs estimating only a $1 to $2 per barrel effect on wholesale diesel on the U.S. Gulf Coast and in Europe. The deal has drawn criticism from Ukraine and from Senate Democratic leader Chuck Schumer.

Sources

  • BloombergTier 180% reliableRead →21 hours ago

Subjects

Trump's Russia diesel deal would cover about 10 days of US demand — Veloxia Global News