The Russian Foreign Minister, Sergey Lavrov, announced on Tuesday, November 19, that the agreement between Moscow and Washington to export Russian diesel fuel to the United States and world markets has been implemented and helped lower the price of fuel.
According to the Reuters news agency, Lavrov wrote in a note in the Russian Kommersant newspaper: "One of the most important contributions to energy security was the agreement between the leaders of Russia and the United States to suspend restrictions on Russian diesel exports. We started implementing this agreement and this action immediately reduced the prices."
The President of the United States, Donald Trump, announced on October 17 that according to this agreement, Russia will first export 300,000 tons of diesel fuel to the United States and world markets, then another 500,000 tons will be supplied in November and one million tons will be supplied in the next phase.
Meanwhile, Reuters reported that global oil prices fell slightly after Trump's comments that new military action against Iran was not needed. Brent crude fell 24 cents to $92.33 a barrel and West Texas Intermediate crude fell 35 cents to $86.50.