# Global diesel shortage boosts prices

> Distillate prices are rising as Saudi Arabia and OPEC+ allies extend crude production cuts. Middle Eastern exporters' heavier crudes yield a high share of middle distillates, so the cuts hit diesel especially hard. Refinery capacity shortages in Europe and North America add to the squeeze.

- Date: 2023-09-13 · published 2023-09-13T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/34293-global-diesel-shortage-boosts-prices
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Tighter diesel supply lifts fuel costs for feed mills, trucking and farm operations, and raises freight surcharges that feed into delivered feed ingredient prices.

## Read by commodity

- BRENT: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2022-03-24 | [Global diesel shortage pushes oil prices higher](https://feedsoft.ai/events/5943-global-diesel-shortage-pushes-oil-prices-higher.md) | -8.3% | -4.7% |
| DIESEL | 2022-05-19 | [Global diesel shortages herald imminent economic slowdown](https://feedsoft.ai/events/11773-global-diesel-shortages-herald-imminent-economic-slowdown.md) | -1.3% | +14.5% |
| DIESEL | 2025-01-17 | [Global diesel prices spike as US hits Russia with new sanctions](https://feedsoft.ai/events/11452-global-diesel-prices-spike-as-us-hits-russia-with-new-sanctions.md) | -3.6% | -5.3% |
| DIESEL | 2026-07-31 | [Market Talk \| Refiners Benefit As Global Diesel Shortfall Persists](https://feedsoft.ai/events/18535-market-talk-refiners-benefit-as-global-diesel-shortfall-persists.md) | -7.1% | +1.3% |
| DIESEL | 2022-03-08 | [Global diesel prices soar as bans on Russian supplies add to tightness](https://feedsoft.ai/events/4724-global-diesel-prices-soar-as-bans-on-russian-supplies-add-to-tightness.md) | -17.0% | -7.9% |
| BRENT | 2022-03-24 | [Global diesel shortage pushes oil prices higher](https://feedsoft.ai/events/5943-global-diesel-shortage-pushes-oil-prices-higher.md) | -8.0% | -13.5% |
| BRENT | 2022-05-19 | [Global diesel shortages herald imminent economic slowdown](https://feedsoft.ai/events/11773-global-diesel-shortages-herald-imminent-economic-slowdown.md) | +5.1% | +11.1% |
| BRENT | 2025-01-17 | [Global diesel prices spike as US hits Russia with new sanctions](https://feedsoft.ai/events/11452-global-diesel-prices-spike-as-us-hits-russia-with-new-sanctions.md) | -4.1% | -8.0% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/global-diesel-shortage-boosts-prices-kemp-2023-09-13/

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