Moscow announced on Tuesday that three tankers carrying Russian diesel are on their way to the United States, while the fourth is expected to leave on Wednesday, as part of an agreement that sparked strong criticism from Ukraine and Europe.
US President Donald Trump concluded an agreement this month with his Russian counterpart, Vladimir Putin, which stipulated easing sanctions in exchange for Moscow supplying diesel to global markets.
The move was considered an attempt to reduce fuel prices for American consumers ahead of the US midterm elections scheduled for November 3.
Russian Deputy Prime Minister Alexander Novak told reporters on Tuesday: “Currently, there are 3 tankers” carrying Russian fuel heading to the United States, indicating that he expects the fourth to depart on Wednesday.
The first tanker carrying Russian diesel left for the United States last week.
According to data from Kpler, a maritime traffic tracking company, the tanker loaded about 300,000 barrels of diesel in the port of Primorsk and headed to New York.
The relationship between Kiev and Washington has deteriorated since the US-Russian diesel agreement, which Ukrainian President Volodymyr Zelensky described as a “weak decision.”
The main Saudi market (TASI) continued its rise for the second session in a row, rising by 2.3 percent during Tuesday’s trading to close at 9,986 points, approaching the level of 10,000 points, after gains of 3.4 percent in Monday’s session, bringing its gains within two days to about 5.8 percent.
The total value of trades amounted to about 7.2 billion riyals.
“Saudi Aramco” shares rose by 2 percent to close at 26.08 riyals, while “Al Rajhi Bank” shares rose by about 3 percent to 60.90 riyals.
The shares of “Saudi Al Ahli”, “Aqua”, “Ma’aden”, “Alinma Bank”, “SABIC”, and “SABIC Agricultural Nutrients” also rose by rates ranging between 2 percent and 5 percent.
The shares of “Bin Dawood”, “Chemanol”, “Shams”, “Red Sea”, “Al-Asamak”, “Rasan”, and “Amlak” recorded increases at or near the maximum rate.
On the other hand, National Education shares declined by about 6 percent, after the company announced that its profits for the quarter ending on July 31, 2026, decreased by 68 percent.
“Anbeeb” shares closed at 4.30 riyals, down by 2 percent, amid trading of about 18 million shares.
The American company General Motors announced, on Tuesday, the transfer of the listing of its common shares from the New York Stock Exchange to the Nasdaq, joining a growing list of companies seeking to strengthen their connection to the technologically heavy stock exchange, in light of the increasing desire of investors to invest in artificial intelligence infrastructure.
The list of companies that recently moved to Nasdaq includes Walmart, Hilton, and Palantir, in a move aimed at benefiting from rapprochement with technology companies, amid investors racing to invest in expanding the field of artificial intelligence, according to Reuters.
Shares of the American automaker, which is based in Detroit, rose by about 2 percent in pre-market trading, as it prepares to become the first traditional car company to list its shares on the Nasdaq.
The company is making investments in modern technologies, including self-driving systems that do not require the driver to constantly monitor the road in some models, in an effort to find new sources of revenue from other products and services.
Paul Jacobson, the company's chief financial officer, said: "General Motors' customer-focused, technology-driven strategy creates value for shareholders, making Nasdaq a natural destination to list our shares as we continue to grow."
The company is also working on developing a new software architecture for its future vehicles, with the aim of providing automated driving systems and other digital features, amid expectations that drivers will be willing to pay for these services.
This step comes at a time when traditional car companies are facing pressures resulting from rising costs, and are seeking to develop less expensive vehicles that are more dependent on software, in an attempt to keep pace with increasing competition from Chinese car manufacturers.
The market value of General Motors is about $64.4 billion, according to data from the London Stock Exchange Group (LSEG).
The company's shares are expected to begin trading on Nasdaq starting next November 17, while maintaining the current trading symbol.
