Russian diesel: will prices drop at the pump in France after the Trump agreement
Reporting by Le Figaro (FR)Read the original at lefigaro.fr
Executive Summary
Facts Only
* Donald Trump announced an agreement with Vladimir Putin to allow Russia to deliver several million tons of fuel to American and global markets.
* Russia committed to immediately supply 300,000 tons of diesel.
* Russia committed to supplying an additional 500,000 tons in November.
* Russia committed to supplying a million tons immediately following November deliveries.
* Three million tons could be delivered quickly according to the state of Russian refineries.
* Washington temporarily eased American sanctions against Russian diesel to allow these exports.
* The objective stated by Donald Trump was to lower fuel prices.
* The diesel gallon averaged $6.28 in the United States on Thursday.
* Futures contracts on American diesel fell by nearly 5% following the announcement.
Full Take
From the original · Le Figaro (FR)
Russian diesel: will prices drop at the pump in France after the Trump-Putin deal? The answer from an economist INTERVIEW - After the announcement of an agreement between Donald Trump and Vladimir Putin to deliver several million tons of Russian diesel to the international markets, economist Philippe Chalmin deciphers the possible consequences for fuel prices, especially in France.Read the full story at lefigaro.fr
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