First Russian diesel cargo heads to New York under US waiver

· Oil & Gas · United States · Russia

The tanker Agioi Fanendes, sailing under the Maltese flag, left Russia's Baltic port of Primorsk on Friday carrying about 40,000 tonnes of diesel and is expected to reach New York on November 7, shipping data show — the first Russian diesel cargo to the US under a new arrangement. US diesel is quoted at $6.30 a gallon. The shipment follows a US Treasury six-month waiver, issued October 9 shortly after a Trump-Putin phone call, that allows Russian diesel to be sold on the global market with the stated aim of lowering fuel prices before the November 3 midterms. The waiver marks a notable reversal in US policy toward Russian fuel exports.

Why it matters：Allowing Russian diesel back into global markets reshapes refined-product trade flows and could ease or unsettle fuel prices well beyond the US, depending on how far the waiver extends.

Key points

  • The Agioi Fanendes is carrying about 40,000 tonnes of diesel
  • The Treasury waiver runs six months and was issued October 9
  • US diesel was quoted at $6.30 a gallon

Sources (original reporting)

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