Putin’s Tiny Diesel Armada Sailed Past Russia’s Big Customer
Summary
The article says a deal President Donald Trump struck with Vladimir Putin would bring Russian diesel to the United States, but the planned shipments are too small to significantly affect fuel prices. It also reports that U.S. diesel prices rose after the deal and argues that Russia’s larger customer continues to pay Moscow more than the United States does.Key Facts
- The first Russian diesel tanker under the October 9 agreement was reported idling off Skagen, Denmark, with its destination changed from New York to “for orders.”
- Greenpeace Ukraine counted five tankers carrying Russian diesel linked to the agreement.
- The first shipment was just over 300,000 metric tons, or about 2.25 million barrels.
- The article estimates the first shipment would cover about 13.5 hours of U.S. daily distillate use.
- The agreement also promised 500,000 metric tons for November and another one million tons later, but not all of the fuel was bound for the United States.
- Analysts cited in the article said the shipments were too small to materially lower U.S. diesel prices.
- The national average diesel price was $6.18 per gallon on October 12 and $6.35 on October 26.
- The European Union’s foreign policy chief, Kaja Kallas, warned that the deal would bring Russia more money for its war in Ukraine.
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