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An IRU article quotes Global Petrol Prices on how diesel prices respond to crude oil across countries. It projects 2025 oil averaging $73 per barrel, and notes Brent reached $80 after new US sanctions on Russian oil.
Diesel pass-through to crude differs by country due to taxes and regulation, which affects regional freight costs for feed buyers. The outlook depends on geopolitical risk around Russian supply.
iru.orgNeven ValevJan 28, 2025After 11 past neutral macro events, ULSD / Diesel moved a median +1.8% over 5 sessions (64% higher; middle half -0.6% to +4.1%), and +3.9% over 20.
After 54 past neutral macro events, Crude Oil (Brent) moved a median +0.4% over 5 sessions (57% higher; middle half -2.8% to +2.5%), and +0.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
