After Donald Trump, the U.S. president, said he had reached an agreement with Vladimir Putin, the president of the Russian Federation, on diesel supplies, wholesale fuel prices in the U.S. rose again above the level they had been at before that announcement. November diesel futures on CME Group were trading at $4.87 per gallon on Wednesday, whereas on Friday, after a brief decline, they had fallen to $4.74.

#VladimirPutin #diesel #DonaldTrump #RussiaandtheUSA #fuel

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While the shock from Trump’s «diesel deal» with Putin and the American president’s statement that Ukraine needs a different president instead of Zelensky has not yet passed, I will try to explain from the standpoint of dispassionate economics why what happened is bad first and foremost for the United States itself.

#Analytics #VladimirZelensky #VladimirPutin #WarinUkraine #diesel #dollar #DonaldTrump #MunichAgreement #Russia #sanctions #USA #exportofpetroleumproducts

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In September, Russia’s seaborne exports of oil products rose to a three-month high and amounted to about 1.17 million barrels per day, Bloomberg writes, citing data from analytics company Vortexa. The decline in diesel and gasoil shipments was more than offset by growth in fuel oil and naphtha supplies amid the government ban on diesel fuel exports.

#diesel #oil #oilrefinery #Russia #fuel #Economy

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