Russian diesel: will prices drop at the pump in France after the Trump agreement

Russian diesel: will prices drop at the pump in France after the Trump-Putin deal? The answer from an economist INTERVIEW - After the announcement of an agreement between Donald Trump and Vladimir Putin to deliver several million tons of Russian diesel to the international markets, economist Philippe Chalmin deciphers the possible consequences for fuel prices, especially in France. Passing the publicityDonald Trump promises a spectacular drop in diesel prices. On Friday evening, the American president announced that he had reached an agreement with Vladimir Putin, following "very fruitful discussions," to allow Russia to deliver several million tons of fuel to the American and global markets. In detail, Moscow committed to immediately supplying 300,000 tons of diesel, then an additional 500,000 tons in November, and a million tons immediately following that. Three million tons could also be delivered quickly, according to the state of Russian refineries. To allow these exports, Washington temporarily eased American sanctions against Russian diesel. The objective stated by Donald Trump is to lower fuel prices, less than a month before the US mid-term elections. On Thursday, the diesel gallon was averaging $6.28 in the United States, according to the AAA association of motorists. The announcement immediately reacted with the markets, with futures contracts on American diesel falling by nearly 5%. But can this decision really relieve the burden on French motorists at the pump? Philippe Chalmin, an emeritus professor at the University of Paris-Dauphine and founder of the CyclOpe report on raw materials, deciphers the stakes of this agreement. LE FIGARO. - Donald Trump promises a rapid and spectacular drop in diesel prices thanks to this agreement with Vladimir Putin. Is it credible? anonymous The truth is that Trump has won on all fronts: in Greenland, Venezuela, Mexico, Iran where he literally prevents Iranian oil from leaving, and now even in Europe he can afford to supply himself with Russian oil while selling American oil to the Europeans! It is time for peace, we are losing more sovereignty and credibility every day. anonymous What shame, shame of Trump's attitude, shame of the commentators who approve this decision. Do they not see how the scandalous decisions of Trump regarding Russia and Iran have destabilized the international order, making it uncertain and dangerous? In person Trump's deal is a day and a half of American consumption then...