Why Diesel Tankers From Middle East, India Go All The Way To New York


Why Diesel Tankers From Middle East, India Go All The Way To New York

But that window may have already slammed shut, as diesel prices have retreated in tandem with this week’s broad selloff among energy benchmarks. Since hitting a high of $2.1431/gallon on Jan. 26, diesel has dropped as much as 11 percent, and other tankers slated for New York have already been diverted elsewhere.

As benchmark US diesel prices surged after a cold blast hit the US East Coast, at least six tankers carrying nearly 4 million barrels of diesel from the Middle East and India arrived in New York, according to traders and Thomson Reuters vessel tracking data.

The Phoenix Dream, Densa Alligator, Front Altair, Amorea, Seaenvoy and the Minerva Aries arrived in New York between Jan. 21 and Feb. 6, Reuters Vessel Tracking data showed. Read More…

 

Leave a Reply

Your email address will not be published.