AnalysisRussian diesel shipments insufficient to move markets

1 Oct 12 · 1d ago · 2 articles · 2 sources · development 1 of 1

The promised shipments are mathematically insufficient to materially affect U.S. diesel prices. The initial 300,000 metric tons amounts to roughly 14 hours of American consumption; the first three shipments combined would cover about 3.5 days. Even if all promised shipments materialized, the total would amount to less than 10 days of American consumption. Russia's refineries are largely damaged by Ukrainian strikes and have previously been unable to supply domestic demand, instead importing diesel from Iran and South Korea.