Wood Mackenzie
Wood Mackenzie is a British consulting and research firm specialising in energy, commodities and industrial markets analysis. Founded in Edinburgh in 1981 as a commodity broker, it grew into a leading provider of data and forecasts for the oil and gas, mining and power sectors. It is now part of Veritas DaaS, owned by the private equity firm Stone Point Capital and the Canadian company Hearst.
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Trump announces deal for Russia to supply 300,000 tonnes of diesel to US market
On 9 October 2026, Donald Trump announced that Russia would immediately supply 300,000 tonnes of diesel fuel to American and world markets under a deal with Vladimir Putin reached during a phone call. On the same day, the US Treasury's Office of Foreign Assets Control (OFAC) issued General License 135, authorizing specified transactions involving Russian diesel through 7 April 2027. The deal was justified by Trump as a way to lower diesel prices that had risen because of a war with Iran ahead of the 3 November midterm elections; critics from both parties argued it contradicts a 2022 law banning Russian energy imports and the sanctions Trump himself signed in September.