# Global diesel demand starts to slacken as economy falters | Reuters

> Global distillate consumption has begun to decelerate in response to high prices and slowing manufacturing and freight activity. Part of the recent inventory build is seasonal, but part reflects manufacturers and hauliers cutting diesel use by rationalising production and consolidating loads.

- Date: 2022-07-08 · published 2022-07-08T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/11245-global-diesel-demand-starts-to-slacken-as-economy-falters-reuters
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Falling diesel demand reduces tightness in distillate markets and should ease pressure on oil prices over the coming months. Weaker freight activity also signals softer demand for transport fuel that feeds into freight and feed logistics costs.

## Read by commodity

- BRENT: bearish ▼
- DIESEL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DIESEL | 2022-07-06 | 5 | -17.6% | -3.2 | Slackening global distillate demand from high prices and weaker freight activity supports the bearish fundamental backdrop for diesel. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2022-12-09 | [U.S. diesel stocks start to normalise as economy slows](https://feedsoft.ai/events/38425-u-s-diesel-stocks-start-to-normalise-as-economy-slows.md) | +14.5% | +6.9% |
| 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 | 2023-06-06 | [U.S. diesel demand is falling despite economic growth](https://feedsoft.ai/events/35684-u-s-diesel-demand-is-falling-despite-economic-growth.md) | -2.5% | +5.3% |
| DIESEL | 2022-12-01 | [U.S. diesel use slows as manufacturing, freight falter: Kemp \| Reuters](https://feedsoft.ai/events/38427-u-s-diesel-use-slows-as-manufacturing-freight-falter-kemp-reuters.md) | -17.4% | -1.6% |
| DIESEL | 2023-12-14 | [Global diesel shortage eases after summer surge in prices \| Reuters](https://feedsoft.ai/events/32877-global-diesel-shortage-eases-after-summer-surge-in-prices-reuters.md) | +5.8% | +4.9% |
| BRENT | 2023-05-11 | [Oil falls 2% on weak US and Chinese economic data \| Reuters](https://feedsoft.ai/events/36104-oil-falls-2-on-weak-us-and-chinese-economic-data-reuters.md) | +0.5% | -0.8% |
| BRENT | 2024-05-20 | [Global oil markets weaken as sluggish demand leaves overhang](https://feedsoft.ai/events/30451-global-oil-markets-weaken-as-sluggish-demand-leaves-overhang.md) | -3.1% | +0.3% |
| BRENT | 2022-08-30 | [Oil dives nearly $6 a barrel on demand fears, Iraq exports \| Reuters](https://feedsoft.ai/events/40224-oil-dives-nearly-6-a-barrel-on-demand-fears-iraq-exports-reuters.md) | -9.2% | -19.2% |

## Sources

- reuters.com: https://www.reuters.com/markets/europe/global-diesel-demand-starts-slacken-economy-falters-2022-07-08/

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