Russian Diesel Shipment Heads To US After Trump-Putin Agreement, First Tanker Expected To Reach New York On November 7
Mumbai: The first shipment of Russian diesel bound for the United States following a new agreement between Moscow and US President Donald Trump is heading towards New York, marking a significant development in global energy trade. According to ship-tracking data from LSEG, the shipment comes as Washington attempts to control rising diesel prices ahead of the November 3 US midterm elections .…
Following a mutual agreement between Russia and the United States, the first shipment of Russian diesel is set to arrive in New York on November 7. This marks a major shift in global energy trade, as Washington seeks to manage increasing diesel prices ahead of the November 3 US midterm elections. The Malta-flagged vessel "Agioi Fanendes" loaded roughly 40,000 metric tonnes of ultra-low sulphur diesel at Russia's Primorsk port on October 22.
The shipment follows an announcement made by US President Donald Trump on October 9, in which he revealed an agreement enabling Russia to supply 300,000 metric tonnes of diesel, equivalent to about 2.25 million barrels, to US and international markets. Additional shipments of 500,000 and 1 million tonnes are also planned. The identities of the buyer and seller remain undisclosed.
Russia's Deputy Prime Minister, Alexander Novak, indicated that further US shipments could follow once commercial arrangements are finalized. Moscow anticipates monthly diesel exports to rebound to 3-3.5 million tonnes by the end of the year. The renewed supply may impact international diesel prices, contingent upon shipment volumes, sanctions arrangements, and global demand.
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