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Automatically translated version. May contain inaccuracies compared to the original.
Trump’s deal with Russia to supply diesel is collapsing, - FT
Donald Trump’s controversial attempt to import Russian diesel into the United States ahead of the midterm elections appears to be stalling: two tankers that were initially bound for the U.S. suddenly changed course.
The change of course comes amid a further deterioration in U.S. diesel supplies: new data show stocks have fallen below 100 million barrels for the first time in more than two decades.
The supply shortfall threatens to put still more pressure on the fuel market, which is a vital factor for the U.S. economy.
The Russian tanker Talisman and the Hong Kong-owned tanker Leruo, flying the Sierra Leone flag, no longer list the U.S. Atlantic coast as their destination. On Monday Leruo changed its destination to Brazil, while Talisman diverted from the Atlantic and headed into the Mediterranean, where it is now off the coast of Algeria. The vessel is signaling “for orders,” indicating the cargo does not yet have a confirmed buyer or destination port.
“Two of the three Russian diesel tankers bound for the U.S. have been redirected to other destinations,” says Matt Smith, an analyst at Kpler. “The third tanker, Agioi Fanendes, is due to arrive in New York this weekend. However, given the obvious hesitancy of U.S. buyers—because of regulatory, legal and sanctions concerns—it would not be surprising if that tanker also changed course to avoid the U.S.”
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