Russia Boosts U.S. Fuel Exports Amid European Energy Crunch
- Diesel prices on the East Coast are at the highest since 2014
- Natural gas-rich Russia cranks up diesel units ahead of winter
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A fleet of tankers laden with Russian diesel heading to the U.S. East Coast may help to alleviate the most expensive retail prices for the fuel in seven years.
Four tankers with 2 million barrels of Russian diesel aboard, the most in data going back to 2018, are set to arrive next week, as natural gas-rich Russia cranks up diesel-producing units that are dependent on a feedstock extracted from costly natural gas, according to Vortexa Ltd.