CCTV Script 12/10/26

A CNBC segment prepared for China’s CCTV on October 12, 2026 argues that easing U.S. restrictions to allow Russian diesel into U.S. and global markets is unlikely to fix the tightness problem. Even if Russia exports another 500,000 metric tons of diesel next month, the Financial Times estimates it would cover less than 4% of worldwide demand. The question remains whether Russia can meet a stated commitment to deliver 3 million metric tons amid ongoing attacks on refining facilities. The International Energy Agency previously put Russia’s June crude processing at 3.8 million barrels per day, down nearly 30% year over year. Analysts also point to renewed tanker attacks near Saudi Arabia.