EconomyRussian diesel exports to help stabilize global oil market, deputy PM says

Russian Deputy Prime Minister Alexander Novak said additional diesel supplies to global markets, including the United States, could ease a difficult situation caused by disruption in the Strait of Hormuz and reduced global refining capacity. He said oil prices have nearly doubled and Russian supplies are already affecting markets, with global diesel prices down about 5% to 6%.

Russiadiesel exportsglobal oil marketStrait of Hormuz

TTASS★★★☆☆2026-10-12 19:36Original