Russian Diesel Tanker Makes U-Turn After Heading to U.S.

(Bloomberg) — A tanker carrying Russian diesel that had briefly signaled the US made a U-turn about 400 nautical miles off New York, compounding uncertainty over deliveries to the North American market.

The Agioi Fanendes, hauling about 40,000 metric tons of ultralow-sulfur diesel, or almost 300,000 barrels, started to move away from the US East Coast and has been dawdling in a zigzag pattern since Monday, according to a port report and ship-tracking data compiled by Bloomberg. 

Traders are closely watching movements of Russian diesel after President Vladimir Putin agreed to supply fuel to the US and global markets in