{"text":[[{"start":12.6,"text":"American efforts to bring down diesel prices allowed Russia to double its exports of the fuel last month, although none of the shipments generated by Donald Trump’s decision to lift fuel sanctions against Moscow have reached the US."}],[{"start":25.46,"text":"Russia shipped 271,000 barrels a day of diesel in October, according to data provider Kpler, compared with 135,000 barrels the month before."}],[{"start":36.24,"text":"The jump came after the US put pressure on Ukraine to stop bombing Russian refineries and after the US president announced a deal on October 9 with Russia’s leader Vladimir Putin to “immediately” supply more fuel to US and global markets."}],[{"start":50.96,"text":"While no diesel has yet reached the US market, given efforts by supporters of Ukraine to deter ships from delivering their cargoes, Russian exports did increase to Brazil, Turkey and other parts of the world."}],[{"start":62.4,"text":"A White House official told the FT that the increase in Russian diesel on the global market would help ease prices for Americans, in line with the deal agreed between Trump and Putin."}],[{"start":72.34,"text":"“As the President has said, this is a deal for the world. This deal was made to add diesel supply to the global market — lowering prices for Americans and the world — which is exactly what will be done.”"}],[{"start":83.16,"text":"At least two tankers initially destined for the US have changed course in recent weeks. Ship tracking data shows a single tanker full of Russian diesel remains off the US east coast, awaiting a buyer. The White House official said negotiations with the owner of the Agioi Fanendes were continuing."}],[{"start":100.58,"text":"Trump’s deal with Putin infuriated Democratic and some Republican members of Congress, who said the agreement could be illegal and demanded he rescind it."}],[{"start":109.12,"text":"This month, New Jersey governor Mikie Sherrill wrote to port and terminal operators in her state, which serves as the delivery point for cargoes arriving in New York Harbor, warning them to turn away any tanker carrying Russian diesel or else risk harsh penalties."}],[{"start":123.72,"text":"Richard Bronze, head of geopolitics at consultancy Energy Aspects, said their figures showed 120,000 barrels a day of Russian diesel exports in September this year and 260,000 in October, compared with a five-year average for the month of October of around 700,000 barrels a day."}],[{"start":140.78,"text":"He said the increase in the past two months was a reflection of the ability of Russian refineries to step up their production as Ukraine paused a campaign of attacks. “If we want to attribute it, it would be the US pressure and Trump’s announcement of an energy ceasefire,” he said."}],[{"start":159.02,"text":"Ukrainian attacks on Russian refineries resumed on October 30 after a two-week pause, and Russia has now extended a diesel export ban until the end of January, although there will be exceptions, according to Alexander Novak, the country’s deputy prime minister overseeing energy. Bronze said he expected Russian exports in the months ahead to be “very lacklustre”."}],[{"start":181.72,"text":"Sumit Ritolia, an analyst at Kpler, said the country would now prioritise domestic fuel availability, as it also starts to run short of petrol, which it has begun rationing."}],[{"start":193.08,"text":"“Russian refinery operations remain under significant pressure. We expect them to remain constrained around 4mn b/d in the near term, with limited prospects for a meaningful recovery as attacks continue,” he said."}],[{"start":211,"text":""}]],"url":"https://audio.ftcn.net.cn/album/a_1794472461_4066.mp3"}