Russian Begins Deployment Of Diesel To Balance Global Fuel Availability

Russia has formally commenced  diesel exports following an agreement with President Donald Trump, marking the first confirmed shipments under an arrangement intended to increase global fuel availability and ease pressure on petroleum product prices.

The Kremlin confirmed Thursday that Russian diesel had begun returning to international markets after Moscow partially lifted its export restrictions on October 10.

Shipping data from LSEG showed that a tanker carrying approximately 40,000 metric tons of ultra-low sulfur diesel loaded at Russia’s Baltic port of Primorsk on October 13. The vessel was reported to be heading toward Morocco, providing an early indication that shipments hav...