{"id":2595,"date":"2026-10-13T10:04:12","date_gmt":"2026-10-13T05:04:12","guid":{"rendered":"https:\/\/ipp-news.com\/?p=2595"},"modified":"2026-10-13T10:04:12","modified_gmt":"2026-10-13T05:04:12","slug":"oil-falls-as-russia-diesel-supply-prospects-counter-gulf-supply-risks","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=2595","title":{"rendered":"Oil falls as Russia diesel supply prospects counter Gulf supply risks"},"content":{"rendered":"
\n

Oil prices fell on Tuesday and were on track \u200cfor their first decline in nearly a week, as traders assessed supply risks from attacks on Saudi Arabia while weighing the prospect of additional diesel supplies from Russia.<\/strong><\/p>\n

Brent crude futures fell $1.30, or 1.2%, to $105.35 a barrel, while US West \u200bTexas Intermediate crude futures were down $1.25, or 1.3%, at $92.49 a barrel.<\/p>\n

Both benchmarks climbed nearly $2 a barrel \u200bin the previous session, with Brent settling at its highest since September 15.<\/p>\n

US President Donald \u2060Trump said Russia had agreed to supply diesel to global markets, and his administration temporarily lifted US sanctions on \u200bRussian fuel designed to deprive Moscow of revenue for its war on Ukraine<\/a>.<\/p>\n

Additional supplies could help alleviate tightness in \u200bglobal fuel markets, tempering some of the supply concerns that have supported crude prices recently.<\/p>\n

However, \u201cthere is considerable scepticism over the Russia-Ukraine energy ceasefire, particularly with reports that Russia has hit Ukrainian energy targets since Trump announced it,\u201d ING analysts said in a note.<\/p>\n

Lawmakers \u200bfrom both parties in the US complained Trump\u2019s agreement with Putin appears to violate US law<\/a> barring imports of \u200bRussian energy until Moscow ends its aggression against Ukraine.<\/p>\n

Concerns over the vulnerability of Gulf energy infrastructure and shipping lanes remained in \u200cfocus \u2060after Iran-aligned Houthis struck Riyadh\u2019s international airport<\/a> over the weekend, while tanker attacks<\/a> were reported near the Strait of Hormuz.<\/p>\n

The incidents threatened to derail a recovery in Middle East supplies seen in September, and have reinforced fears of further disruptions along one of the world\u2019s most important energy transit routes.<\/p>\n

\u201cFresh diesel supply from Russia and steadier Saudi flows are \u200boffering some relief, yet the \u200bmarket still looks more \u2060worried about the risk of further hits to ships or pipelines in the Gulf than it is reassured by extra barrels,\u201d said Tim Waterer, chief analyst at \u200bKCM Trade.<\/p>\n

\u201cUntil we see clearer signs of de-escalation, the path of least resistance still \u200bleans higher,\u201d he \u2060said.<\/p>\n

Ministers of OPEC and non-OPEC Participating Countries in the Declaration of Cooperation said shipping and insurance costs have surged to unprecedented levels of over one-third<\/a> of the commodity value, impeding efficient movement of crude oil and products.<\/p>\n

OPEC has revised down<\/a> \u2060its oil \u200bdemand growth forecast for this year to 400,000 barrels per day \u200bfrom 1.4 million bpd at the start of the year, in line with developments throughout the year, Haitham Al Ghais, Secretary General of \u200bthe organisation, said on Monday.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Oil prices fell on Tuesday and were on track \u200cfor their first decline in nearly a week, as traders assessed supply risks from attacks on Saudi Arabia while weighing the prospect of additional diesel supplies from Russia. Brent crude futures fell $1.30, or 1.2%, to $105.35 a barrel, while US West \u200bTexas Intermediate crude futures were down $1.25, or 1.3%, at $92.49 a barrel. Both benchmarks climbed nearly $2 a barrel \u200bin the previous session, with Brent settling at its highest since September 15. US President Donald \u2060Trump said Russia…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-2595","post","type-post","status-publish","format-standard","hentry","category-english"],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/2595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2595"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/2595\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}