
Quotes fell to $105.03 per barrel amid news of the US-Russia diesel deal
AI-generated summary
The Russian government has partially lifted the ban on diesel fuel exports as part of agreements with the United States.
During trading on Tuesday, October 13, the exchange price of the benchmark North Sea oil brand Brent began to decline. This is evidenced by Investing data.
By 11:10 Moscow time, commodity quotes had fallen to $105.03 per barrel. The decrease to the closing level of the previous trading session by that time was 1.51 percent. At the minimum, quotes dropped to $104.91.
Analysts attribute the reduction in the price of raw materials primarily to the news about the US-Russia diesel deal, which was previously announced by the head of the White House, Donald Trump. Against this background, the Russian government partially lifted the ban on the export of diesel fuel. As Deputy Prime Minister Alexander Novak clarified, Russia is ready to send 300 thousand tons to foreign markets in October, 500 thousand in November, and up to a million in December.
Trump expects that additional revenue will help bring down prices in the American market. Taking this into account, he called on the Armed Forces of Ukraine (AFU) to stop attacking large oil refineries in Russia. The first shipment of Russian oil products, explained marine analyst Michel Wiese Bockman, should arrive on the east coast of the United States closer to mid-October.
AI outlook — possibilities, not facts
Arrival of the first shipment of Russian oil products to the East Coast of the United States
Likely · Within weeks

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