# Feature: US Gulf Coast naphtha heads to Asia amid fallen freight; glut of ULSD left onshore

> Clean tanker freight rates on the U.S. Gulf Coast dropped sharply as global product demand declined. Naphtha shipments to Asia became economical, while U.S. Gulf Coast ULSD exports to Europe stayed shut. Shipbrokers linked the weak activity to refinery run cuts and low demand in Europe and the Americas.

- Date: 2020-03-27 · published 2020-03-27T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/54331-feature-us-gulf-coast-naphtha-heads-to-asia-amid-fallen-freight-glut-of-ulsd
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Weak tanker demand and onshore diesel storage glut signal soft U.S. diesel prices and lower freight costs. This modestly reduces transport costs for feed and grain logistics.

## Read by commodity

- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2022-10-20 | [US Gulf Coast ULSD differential collapses amid Colonial Pipeline freeze notice \| S&P Global](https://feedsoft.ai/events/10936-us-gulf-coast-ulsd-differential-collapses-amid-colonial-pipeline-freeze-notice.md) | +7.9% | -3.8% |
| DIESEL | 2021-09-15 | [U.S. Gulf Coast oil companies resume Ida recovery as Nicholas recedes \| Reuters](https://feedsoft.ai/events/45229-u-s-gulf-coast-oil-companies-resume-ida-recovery-as-nicholas-recedes-reuters.md) | +0.8% | +16.5% |
| DIESEL | 2020-05-18 | [Wave of diesel heads to Europe, pressuring refiners](https://feedsoft.ai/events/53318-wave-of-diesel-heads-to-europe-pressuring-refiners.md) | +6.6% | +25.7% |
| DIESEL | 2026-06-22 | [Bulk Freight Rates Ease 4.2% in June as a Fragile Iran Ceasefire Pulls Diesel Lower](https://feedsoft.ai/events/19022-bulk-freight-rates-ease-4-2-in-june-as-a-fragile-iran-ceasefire-pulls-diesel.md) | +2.7% | +31.7% |
| DIESEL | 2025-12-22 | [Grain Transportation Improves as Rail Surges, Diesel Falls - RFD](https://feedsoft.ai/events/21706-grain-transportation-improves-as-rail-surges-diesel-falls-rfd.md) | -0.3% | +10.8% |

## Sources

- petrotahlil.com: https://www.petrotahlil.com/Section-news-2/44142-feature-us-gulf-coast-naphtha-heads-to-asia-amid-fallen-freight-glut-of-ulsd-left-onshore

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