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economicOct 16, 2026

Novak estimates global diesel fuel shortage at quarter of market

Summary

Understandings between Russian and US presidents on diesel supplies will make it possible to rebalance the global market in part, the Russian deputy PM said

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USRussia

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economicUnverifiedRussia
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Russian Presidential Plenipotentiary Commissioner for the North Caucasus, Zamir Kabulov, described recent developments as a "stable and progressive trend." He emphasized the importance of maintaining this trajectory, though the specific metrics or evidence supporting this characterization were not provided in the statement.