14/10/2026
President Trump last week announced that his administration had reached an agreement on the release of about 13.5 million barrels of Russian diesel. However, October’s shipment of 2.3 million barrels against daily global demand of about 30 million barrels means that in the short term, this is unlikely to make a significant dent in bringing the diesel price down. While the price of US diesel futures closed $0.20 lower at $4.68/gallon on Friday, the retail price of $6.28 a gallon is almost double the $3.68 price a year ago.
Read more: https://partnership.sjp.co.uk/barrywells/article/detail/sjpp/weekwatch-12-10-2026