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Transcripts for CNN CNN Newsroom Live 20240604 08:27:00

within to eu countries. when it comes to crude oil, russia has been selling a lot of barrels that used to go to europe to india and china. the problem with diesel and other oil products is china and india are big exporters themselves. russia has to look elsewhere. places like africa, parts of the middle east, will be able to absorb some russian diesel and oil products but not the volumes europe has traditionally take to. russia will have to and is offering big discounts to find buyers and cover additional costs of cargo moving much longer distances. reporter: diesel prices have fallen slightly since summer peaks partly because of those russian discounts. experts say the price of nonrussian diesel will likely rise over the next few months as current stocks rub out and chinese demand rises, making the market much more competitive.

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