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Additional Russian diesel volumes could ease near-term energy prices, potentially softening Brent; the effect depends on actual delivery pace and sanctions policy; similar historical episodes show price moves on new supply announcements can be short-lived if volumes are smaller than expectations.
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The article describes a Trump-Putin agreement to flood the global diesel market, including an initial 300,000 tons with larger volumes to follow. Diesel prices in the U.S. have surpassed $6 per gallon, aided by sanctions waivers. The immediate supply injection could weigh on near-term Brent prices, potentially pressuring the BNO ETF in the weeks ahead.
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