🇷🇺🇺🇸 JUST IN: Russia says it's ramping up diesel exports to the US, but "unlimited" is a long way from the numbers on the table.
The first tanker, the Agioi Fanendes, left the Baltic port of Primorsk on Thursday with 40,000 tons of diesel bound for New York. Reuters shipping data shows it won't arrive until around November 7, four days after the midterm elections.
Russian Deputy Prime Minister Alexander Novak says supplies could climb to 3 to 3.5 million tons by the end of the year. Trump's deal announced on October 9 laid out a schedule of 300,000 tons immediately, 500,000 in November and 1 million after that, with more depending on "the condition of their diesel refineries," which have been damaged by Ukrainian attacks.
Scale is the question. S&P Global Energy puts the first tanker at about two hours of US consumption, roughly 300,000 barrels against 4 million barrels used daily. US diesel was averaging $6.28 a gallon when the deal was announced.
The politics remain sharp. The administration says more supply helps ease fuel costs. Ukraine's President Zelensky calls it "an investment in a war that must be ended," and the UK says it will keep sanctions pressure on Russia.
A promise of unlimited supply is easy to say. Refineries, tankers and sanctions rules decide what actually arrives.
#Russia #Diesel #Energy #Sanctions #Oil
The first tanker, the Agioi Fanendes, left the Baltic port of Primorsk on Thursday with 40,000 tons of diesel bound for New York. Reuters shipping data shows it won't arrive until around November 7, four days after the midterm elections.
Russian Deputy Prime Minister Alexander Novak says supplies could climb to 3 to 3.5 million tons by the end of the year. Trump's deal announced on October 9 laid out a schedule of 300,000 tons immediately, 500,000 in November and 1 million after that, with more depending on "the condition of their diesel refineries," which have been damaged by Ukrainian attacks.
Scale is the question. S&P Global Energy puts the first tanker at about two hours of US consumption, roughly 300,000 barrels against 4 million barrels used daily. US diesel was averaging $6.28 a gallon when the deal was announced.
The politics remain sharp. The administration says more supply helps ease fuel costs. Ukraine's President Zelensky calls it "an investment in a war that must be ended," and the UK says it will keep sanctions pressure on Russia.
A promise of unlimited supply is easy to say. Refineries, tankers and sanctions rules decide what actually arrives.
#Russia #Diesel #Energy #Sanctions #Oil
