12/10/2026
Will the US–Russia diesel deal bring down oil prices? SITE's Director Torbjörn Becker is sceptical.
Commenting on Donald Trump’s agreement with Vladimir Putin for large-scale Russian diesel deliveries to the United States, Becker assesses that the deal is unlikely to reduce global crude oil prices or ease cost pressures for American motorists.
He points to continued geopolitical instability in the Middle East as a key factor likely to keep oil prices elevated. At the same time, he questions Russia’s ability to deliver the announced volumes amid Ukrainian attacks on Russian energy infrastructure.
Becker also warns that the agreement could channel significant revenues into Russia’s war economy.
“Don’t think that we can buy ourselves a lower oil price by giving Putin concessions left and right – that capacity simply isn’t there,” he says.
➡️ Read the full article in Dagens Industri (in Swedish): https://www.di.se/nyheter/expert-trumps-dieselaffar-leder-inte-till-lagre-oljepris/