Trump says Russia to supply diesel to US and global market
USO•Trump said Russia would immediately supply more than 300,000 tons of diesel to the US and global market, with another 500,000 tons in November and 1 million tons afterward. US diesel averaged $6.28 a gallon on Thursday.
1. Diesel supply agreement
Trump said Russia had agreed to immediately supply more than 300,000 tons of diesel to the US and global marketplace, with another 500,000 tons in November and 1 million tons immediately afterward. He said additional supplies would depend on the condition of Russian diesel refineries, which have been damaged by attacks during the war in Ukraine.
2. Prices and US measures
The Treasury Department issued a general license allowing imports of Russian diesel until April 7 next year. US diesel prices averaged $6.28 a gallon on Thursday, and three industry sources said Trump could direct department heads in coming days to find ways to control prices, including by using the Defense Production Act to increase oil and fuel output.
