US diesel is $6.28 a gallon, and the first Russian cargo…
By Tobi Opeyemi Amure
AI summary of the source article
OFAC issued General License 135 authorizing Russian-origin diesel transactions through April 2027. However, the volumes covered by initial Russian export carve-outs represent only a fraction of daily US distillate demand.
Key facts
- OFAC General License 135 authorizes Russian-origin diesel transactions through 12:01 a.m. EDT on 7 April 2027.
- Russia partially lifted its diesel export ban on 10 October, permitting 500,000 tonnes onto the global market.
- The first Russian tranche of over 300,000 tons equals about 2.25 million barrels against daily US distillate use of roughly 3.769 million barrels.
Source excerpt · FinanceFeeds
A US import license is not a diesel cargo, and the cargo President Trump named is not a day of American use. The arrangement will not cut the pump price on the volumes put in writing. On 9 October he said Russia would supply more than 300,000 tons now, which Tim Armitage of Quilter Cheviot put at about 2.25 million barrels, then 500,000 tons in November and 1 million tons after that. The EIA four-…