Russia to Send First Diesel Tanker to U.S. on Thursday
Russia to Send First Diesel Tanker to U.S.
on Thursday Russia will send its first diesel tanker to the US on Thursday under the agreement between Presidents Donald Trump and Vladimir Putin, Deputy Prime Minister Alexander Novak told reporters Wednesday, according toTASSandPrime.
He gave the tanker's displacement as 40,000 tons and said additional shipments will follow.
"We will meet the United States' needs, to the extent of our capabilities," RIA quoted him as saying,via Reuters.
Putin told US envoy Steve Witkoff on Wednesday that the first tanker, which he also put at 40,000 tons, would leave in two to three days and that others would follow one after another,VZGLYAD reported.
Reuters quoted Putin as saying the "financial component should be provided." Trump saidOct.
9that Russia would export more than 300,000 tons of diesel immediately, 500,000 tons in November and 1 million tons "immediately thereafter." The Russian government partially lifted its diesel export ban the next day, effective Oct.
10, citing the Trump-Putin agreement and allowing 500,000 tons onto the world market in a first stage,Kommersant reported.
Kpler's Michelle Brouhard said Trump's initial 300,000 tons works out to roughly 73,000 barrels per day over a month, which would probably not move global prices much,Reuters reported.
US retail diesel has stayed above $6 a gallon since September, Reuters reported.
Putin said world diesel prices fell 5%-6% immediately after the announcement,Reform.news reported.
Putin said Russia could also supply fertilizer to the US market "in large quantities," and offered to help Washington deal with Iran, Reuters reported.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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