"Diesel deal" will not fully stabilise oil market, Peskov says

Peskov says Russian diesel exports cannot fully stabilise oil markets

The Kremlin has acknowledged that Russian diesel supplies entering global markets will not fully stabilise the situation.

The dictator’s spokesman Dmitry Peskov said this, Censor.NET reports.

Details

According to him, many factors contribute to the adverse conditions in energy markets.

"These include, of course, Russia’s inability to export significant volumes of its oil and petroleum products. Fairly large volumes of diesel fuel are now being released.

This fuel has begun entering global markets, and this will have some positive effect on stabilising oil markets, although it will not fully stabilise them. This also needs to be understood," he said.

US–Russia diesel deal and threats against Ukraine

On October 9, US President Donald Trump said he had spoken with Russian dictator Putin and reached an agreement on Russian diesel supplies to US and global markets.
According to him, Russia would "immediately" supply more than 300,000 tonnes of diesel to US and global markets, another 500,000 tonnes during November, and a further one million tonnes "immediately after that."
The US Treasury Department announced that, at Trump’s direction, the Office of Foreign Assets Control was immediately issuing a temporary general license authorizing Russian diesel supplies to the global market.
In response, Ukrainian President Volodymyr Zelenskyy called permission for Russia to sell petroleum products an "investment in war" and urged the US to hold firm talks with Moscow and impose sanctions under Lindsey Graham’s legislation.
Axios reported that, during talks in Miami, US presidential special envoy Steve Witkoff and Jared Kushner had allegedly warned the Ukrainian side that access to US intelligence could be cut off if Ukraine continued striking Russian oil refineries.
On October 11, President Zelenskyy said Ukraine would be ready to halt strikes on Russian refineries if Russia stopped attacking Ukraine’s energy infrastructure.
That same day, US President Donald Trump announced the start of an energy truce between Ukraine and Russia.
In comments to Axios, Zelenskyy said US President Donald Trump’s announcement of the start of an "energy truce" had come as a surprise to the Ukrainian side.
The president later said Ukraine was ready to refrain from striking Russia’s energy sector provided Russia took similar steps.