U.S. Diesel at $6.30 a Gallon as First Russian Cargo Sets Sail for New York
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With U.S. diesel prices at $6.30 per gallon, a tanker carrying about 40,000 metric tons of Russian ultra-low sulfur diesel has departed Primorsk for New York. The shipment is expected to arrive November 7 and follows a reported agreement between U.S. President Donald Trump and Russian President Vladimir Putin.
The first tanker shipping diesel out of Russia to the U.S. departed from the Russian Baltic Sea port of Primorsk early on Friday local time and is en route to New York where it is expected to arrive on November 7, shipping data show. The medium-sized oil tanker Agioi Fanendes, flying the flag of Malta, loaded about 40,000 metric tons, or about 300,000 barrels, of ultra-low sulfur diesel (ULSD) on Thursday, after U.S. President Donald Trump earlier this month announced a deal with Russian President Vladimir Putin. The deal was one of President Trump’s…