# : Global economic slowdown hits diesel consumption - Kemp

> A Reuters column by Kemp argues that global distillate consumption growth has been hit by higher fuel prices and weakening freight and manufacturing activity. It also points to signals from the U.S. Treasury yield curve pointing to slowing growth and possible rate cuts.

- Date: 2019-05-29 · published 2019-05-29T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/10409-global-economic-slowdown-hits-diesel-consumption-kemp
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Weaker diesel demand lowers the pull on distillate supplies and points to softer diesel prices. Slower freight and manufacturing also reduce demand for feed transport.

## Read by commodity

- DIESEL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DIESEL | 2019-05-30 | 1 | -3.5% | -4.4 | Kemp column on global slowdown hitting distillate consumption (May 29) frames the demand-side sentiment behind the sharp diesel drop. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2023-04-06 | [Global diesel prices fall as economic slowdown intensifies](https://feedsoft.ai/events/36585-global-diesel-prices-fall-as-economic-slowdown-intensifies.md) | -2.0% | -18.8% |
| DIESEL | 2023-01-06 | [U.S. manufacturing downturn will cut diesel consumption](https://feedsoft.ai/events/37969-u-s-manufacturing-downturn-will-cut-diesel-consumption.md) | +7.9% | -7.2% |
| DIESEL | 2022-07-08 | [Global diesel demand starts to slacken as economy falters \| Reuters](https://feedsoft.ai/events/11245-global-diesel-demand-starts-to-slacken-as-economy-falters-reuters.md) | -0.3% | -10.3% |
| DIESEL | 2024-05-03 | [Oil Slumps as Macroeconomic Data Highlight Demand Slowdown](https://feedsoft.ai/events/7235-oil-slumps-as-macroeconomic-data-highlight-demand-slowdown.md) | +1.3% | -3.5% |
| DIESEL | 2022-10-31 | [Oil Futures Sell-Off as Evidence of Economic Slowdown Mount](https://feedsoft.ai/events/7920-oil-futures-sell-off-as-evidence-of-economic-slowdown-mount.md) | -7.9% | -32.0% |

## Sources

- reuters.com: https://www.reuters.com/article/diesel-economy-kemp/column-global-economic-slowdown-hits-diesel-consumption-idINKCN1SZ1LZ/

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