# Global diesel shortage eases after summer surge in prices | Reuters

> Global diesel and distillate stocks built over the third quarter as high crude prices and refining margins encouraged refinery runs and reduced fuel use. Diesel demand is weakening with the business cycle as manufacturing and construction slow.

- Date: 2023-12-14 · published 2023-12-14T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/32877-global-diesel-shortage-eases-after-summer-surge-in-prices-reuters
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Easing diesel tightness and softer demand point to lower fuel costs ahead, modestly reducing freight and processing expenses for feed.

## Read by commodity

- DIESEL: bearish ▼

## 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 | 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 | 2021-04-21 | [Oil prices drop as India’s COVID-19 surge dents demand outlook \| Reuters](https://feedsoft.ai/events/47759-oil-prices-drop-as-india-s-covid-19-surge-dents-demand-outlook-reuters.md) | +1.6% | +9.6% |
| DIESEL | 2023-02-10 | [U.S. diesel prices drop as Europe's ban on Russian imports begins](https://feedsoft.ai/events/37497-u-s-diesel-prices-drop-as-europe-s-ban-on-russian-imports-begins.md) | -0.8% | -1.1% |
| DIESEL | 2020-03-09 | [Shares sunk by coronavirus panic, oil prices plunge \| Reuters](https://feedsoft.ai/events/4641-shares-sunk-by-coronavirus-panic-oil-prices-plunge-reuters.md) | -17.1% | -21.9% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/global-diesel-shortage-eases-after-summer-surge-prices-kemp-2023-12-14/

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