UPDATE 1 — Russia says its diesel exports may exceed volumes announced by Trump
Russian diesel exports may top 3.0 million metric tons a month Exports could return to pre-crisis levels, deputy PM says Russian diesel to help balance global supply, demand, he says (Adds background, quotes throughout) By Olesya Astakhova and Vladimir Soldatkin MOSCOW, Oct 12 (Reuters) — Russia, which has seen diesel exports collapse due to Ukrainian attacks on oil refineries and self-imposed overseas sales restrictions, will be able to return them near former levels and above amounts US President Donald Trump has outlined, Deputy Prime Minister Alexander Novak said on Monday. Trump announced on Friday that Russia had agreed to supply diesel to global markets, and his administration temporarily lifted US sanctions on Russian fuel designed to deprive Moscow of revenue for its war on Ukraine. "We will see how the situation develops further, but Russia has the capacity to increase diesel fuel exports," Novak, President Vladimir Putin's pointman on oil, said on Rossiya-24 state TV channel. "By the end of the year, exports could reach 3.0-3.5 million metric tons per month, returning to the levels seen before the crisis," he said. Before Ukraine launched a barrage of drone attacks on
0 million metric tons a month Exports could return to pre-crisis levels, deputy PM says Russian diesel to help balance global supply, demand, he says (Adds background, quotes throughout) By Olesya Astakhova and Vladimir Soldatkin MOSCOW, Oct 12 (Reuters) — Russia, which has seen diesel exports collapse due to Ukrainian attacks on oil refineries and self-imposed overseas sales restrictions, will be able to return them near former levels and above amounts US President Donald Trump has outlined, Deputy Prime Minister Alexander Novak said on Monday.
Trump announced on Friday that Russia had agreed to supply diesel to global markets, and his administration temporarily lifted US sanctions on Russian fuel designed to deprive Moscow of revenue for its war on Ukraine. "We will see how the situation develops further, but Russia has the capacity to increase diesel fuel exports," Novak, President Vladimir Putin's pointman on oil, said on Rossiya-24 state TV channel. 5 million metric tons per month, returning to the levels seen before the crisis," he said. Before Ukraine launched a barrage of drone attacks on Russian oil refineries in 2024-2025, Russian diesel exports amounted to more than 3 million metric tons per month.
Despite a self-imposed export ban, Moscow has continued to supply diesel to countries, mostly in Central Asia, under government deals. Russian diesel exports to Central Asia last month amounted to 427,000 tons, according to industry sources. Soaring US diesel prices are hurting US truckers and farmers, and are a concern for voters and political parties ahead of US midterm elections on November 3. Novak also said that under the deal with Trump, Russian diesel supplies will partially balance global supply and demand.
"We are already seeing this effect, including in global diesel markets, where prices have fallen by around 5-6%," Novak said. 25 million barrels) of diesel to US and global markets. 94 million barrels per day. Trump also said Russia would supply another 500,000 tons in November and a further 1 million tons "immediately thereafter".
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