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India's largest state refiner expects diesel and jet fuel demand to keep growing, while gasoline demand peaks by 2035. An IEA forecast shows a 2.6 million b/d global demand drop, and ULSD heating oil is at $4.77/gal with Brent near $114.
Tight distillate supply and high crude keep diesel costs elevated, raising freight and farm operating expenses for feed producers.
energyreader.ioOct 29, 2026After 102 past bullish macro events, DIESEL moved a median -0.3% over 5 sessions (46% higher; middle half -3.8% to +1.8%), and +1.2% over 20.
After 320 past bullish macro events, BRENT moved a median +0.8% over 5 sessions (58% higher; middle half -2.8% to +3.8%), and +1.3% 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.
