# Global diesel prices to rely on refinery closures for support in 2025

> Global diesel prices are expected to find support in 2025 from the closure of about 1% of global refining capacity. Traders and analysts said this offsets current weakness and structural pressure from the shift to cleaner fuels.

- Date: 2024-12-12 · published 2024-12-12T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/27158-global-diesel-prices-to-rely-on-refinery-closures-for-support-in-2025
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Lower refining capacity could tighten diesel supply and limit downside in fuel prices, which affects freight and energy costs for feed producers.

## Read by commodity

- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2016-12-28 | [Diesel prices to start edging up in 2017 - Grainews](https://feedsoft.ai/events/73665-diesel-prices-to-start-edging-up-in-2017-grainews.md) | -0.9% | -4.2% |
| DIESEL | 2021-02-01 | [Analysis: Global fuel prices jump as Asia, U.S. to rev up demand in 2Q](https://feedsoft.ai/events/48814-analysis-global-fuel-prices-jump-as-asia-u-s-to-rev-up-demand-in-2q.md) | +7.2% | +13.8% |
| DIESEL | 2021-01-07 | [Diesel market in 2021: Something closer to normalcy likely on tap - FreightWaves](https://feedsoft.ai/events/49327-diesel-market-in-2021-something-closer-to-normalcy-likely-on-tap-freightwaves.md) | +4.6% | +11.6% |
| DIESEL | 2023-08-25 | [Oil futures up 1% to one-week high on soaring US diesel prices](https://feedsoft.ai/events/34772-oil-futures-up-1-to-one-week-high-on-soaring-us-diesel-prices.md) | -0.2% | +5.4% |
| DIESEL | 2021-11-09 | [Spot diesel prices at seven-year high, with California retail diesel at 2008 level \| S&P Global](https://feedsoft.ai/events/44224-spot-diesel-prices-at-seven-year-high-with-california-retail-diesel-at-2008.md) | -2.8% | -9.9% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/global-diesel-prices-rely-refinery-closures-support-2025-2024-12-12/

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