Bipartisan Senate group urges Trump to abandon plan to buy Russian diesel amid Ukraine war
A bipartisan group of six senators is urging President Donald Trump’s administration to abandon a plan to purchase diesel from Russia.
The International Energy Agency will coordinate the release of 100 million barrels of oil and fuel products over the next four months amid a global fuel shortage
A bipartisan group of six senators is urging President Donald Trump’s administration to abandon a plan to purchase diesel from Russia.
President Donald Trump announced Friday that he had struck a deal with Russian President Vladimir Putin to immediately supply the U.S. more than 300,000 tons of diesel.
Donald Trump announced a deal with Vladimir Putin to supply additional Russian diesel amid global fuel shortages. The agreement outlines the potential supply of millions of tonnes of diesel in the coming months. However, concerns exist about Russia's ability to meet the promised volumes due to domestic limitations. Analysts suggest that any significant price relief in the U.S. may be unlikely in the current market.
The White House announced last week an oil deal for more than 65 billion barrels of oil reserves in Venezuela and a 35% equity stake in North American Blue Energy Partners (NABEP).
The ongoing disruption of oil exports through the Strait of Hormuz has caused a substantial decline in China's crude oil imports.