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Boosting US oil supplies with Russian diesel unlikely to have much impact on prices, experts say
Energy analysts said the initial 300,000-ton shipment would cover less than a day of U.S. transportation demand.
- On Friday, President Donald Trump announced a deal with Russian President Vladimir Putin to immediately supply the United States with more than 300,000 tons of diesel, followed by 500,000 tons in November.
- Surging fuel costs have ratcheted up inflation, with the United States national average for diesel hitting nearly $6.28 a gallon on Friday, increasing political pressure on Trump and the Republican Party before the Nov 3 midterm elections.
- Energy experts are skeptical, with Michael Lynch of the Energy Policy Research Foundation comparing the deal to 'shuffling deck chairs on the Titanic,' noting that shifting Russian supply leaves existing customers to find other sources.
- Clayton Seigle of the Center for Strategic and International Studies said the deal benefits Russia by offloading summer-grade diesel before winter, but will not materially lower prices in the United States or Europe.
- Daniel Sternoff of the Columbia Center noted that global prices remain elevated because refining capacity in the Middle East is restricted by ongoing disruptions in the Strait of Hormuz, with refined products barely half of prewar levels.
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Lewiston Sun JournalReposted by 
Portland Press Herald
Portland Press HeraldTrump’s Russian diesel deal is disingenuous — at best
It's nothing more than a thinly veiled ploy to assuage concerns about fuel prices ahead of the midterm elections.
·Lewiston, United States
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The pact, which will have little impact on prices, dynamites the common position of the West and loosens the financial noose to the Kremlin
·Madrid, Spain
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Donald Trump's choice of understanding with Vladimir Putin on diesel "has no logic." This is what Finnish Prime Minister Petteri Orpo pointed out in an interview with Politico, on the sidelines of the EU summit. "My message to him is that we are allies. (ANSA)
·Rome, Italy
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Total News Sources510
Leaning Left80Leaning Right59Center90Last UpdatedBias Distribution39% Center
Bias Distribution
- 39% of the sources are Center
39% Center
L 35%
C 39%
R 26%
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