# Why diesel tankers from Middle East, India go all the way to New York | INTERNATIONAL MARKET NEWS - Business Standard

> Six tankers carrying about 4 million barrels of diesel from the Middle East and India arrived in New York between January 21 and February 6 after a cold blast lifted US benchmark diesel prices. Diesel has since dropped as much as 11 percent from its January 26 high, and several vessels bound for New York have been diverted to Europe.

- Date: 2018-02-09 · published 2018-02-09T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11354-why-diesel-tankers-from-middle-east-india-go-all-the-way-to-new-york
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Diverted cargoes reduce the arbitrage pull into the US East Coast, so falling diesel prices remove the incentive for long-haul imports. Distillate prices are a cost input for feed transport and processing, so softer diesel eases logistics costs.

## Read by commodity

- DIESEL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DIESEL | 2018-02-09 | 5 | -9.7% | -3.2 | US benchmark diesel fell as much as 11% from its Jan 26 high as cold-driven price spikes faded and arbitrage cargoes arrived in New York, with vessels diverted to Europe, which directly explains the supply-driven drop. |

## Sources

- business-standard.com: https://www.business-standard.com/article/international/why-diesel-tankers-from-middle-east-india-go-all-the-way-to-new-york-118020900100_1.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.