Russian Diesel Deal Unlikely to Lower US Prices

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Bloomberg Economics analyst Chris Kennedy says a proposed Russian diesel shipment is unlikely to lower US fuel prices significantly, as it would equal about one day of American consumption. Refinery damage, logistical and legal obstacles may prevent delivery, while the deal could complicate Ukraine’s efforts against Russian energy infrastructure.

Bloomberg Economics Economic Statecraft Lead Chris Kennedy tells Bloomberg This Weekend that President Donald Trump's agreement to obtain Russian diesel is unlikely to significantly lower US fuel prices because the proposed November shipment amounts to roughly one day of American consumption. Speaking with hosts David Gura and Christina Ruffini, Kennedy says damage to Russian refineries, logistical challenges and potential legal restrictions raise questions about whether Moscow can deliver the promised fuel, while the agreement could complicate Ukraine's campaign against Russian energy infrastructure. (Source: Bloomberg)