# Global diesel prices fall as economic slowdown intensifies

> Global diesel prices are falling as economic slowdown intensifies. The US ULSD spread over Brent narrowed to $205 per tonne on April 4, down from $261 at the start of 2023 and a peak of $316 in October 2022.

- Date: 2023-04-06 · published 2023-04-06T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/36585-global-diesel-prices-fall-as-economic-slowdown-intensifies
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

A narrowing diesel crack signals weaker distillate demand from slowing economies, which lowers transport and processing costs but points to softer industrial activity.

## Read by commodity

- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2019-05-29 | [: Global economic slowdown hits diesel consumption - Kemp](https://feedsoft.ai/events/10409-global-economic-slowdown-hits-diesel-consumption-kemp.md) | -8.6% | -3.6% |
| 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 | 2023-04-25 | [Sliding Diesel Prices Signal Warning for U.S. Economy](https://feedsoft.ai/events/36578-sliding-diesel-prices-signal-warning-for-u-s-economy.md) | -5.7% | -6.2% |
| DIESEL | 2023-12-14 | [Global diesel shortage eases after summer surge in prices \| Reuters](https://feedsoft.ai/events/32877-global-diesel-shortage-eases-after-summer-surge-in-prices-reuters.md) | +5.8% | +4.9% |
| DIESEL | 2022-10-31 | [Oil Futures Sell-Off as Evidence of Economic Slowdown Mount](https://feedsoft.ai/events/7920-oil-futures-sell-off-as-evidence-of-economic-slowdown-mount.md) | -7.9% | -32.0% |

## Sources

- reuters.com: https://www.reuters.com/markets/asia/global-diesel-prices-fall-economic-slowdown-intensifies-2023-04-05/

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