Trump deal for Russian diesel sparks anger in Ukraine, doubts among analysts

President Donald Trump said on Friday he secured an agreement from Russian President Vladimir Putin to supply markets with Russian diesel fuel as he works to bring down energy costs ahead of the midterm elections.

Energy industry analysts, however, say the agreement — which sparked anger in Ukraine — isn’t likely to lower diesel prices in any meaningful way. Trump wrote on social media that Putin agreed to “immediately supply” more than 300,000 tons of diesel to global energy markets, with another 500,000 tons promised in November. Together, the amounts — equal to 6 million barrels of diesel fuel — would cover about a day and a half worth of US demand, according to the US Energy Information Administration. Read More...