Jefferies Warns: Trump's Announced Russian Diesel Deal Unlikely to Significantly Lower Oil Prices
Donald Trump stated that Russia would release 4.8 million tons of diesel (approximately 35.8 million barrels), but according to the U.S. Energy Information Administration (EIA), this would only meet nine days of U.S. diesel demand. Jefferies analysis points out that given the initial expectation of only 300,000 tons of supply, the severe limitations on Russian refining capacity due to Ukrainian attacks, and the fact that the promised supply needs to serve the global market rather than just the U.S., this deal is unlikely to substantially lower diesel prices.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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