# Drop in Diesel Demand Heightens Recession Concerns - TT

> Global diesel demand is weakening, with China truck traffic noticeably down, European diesel premiums to crude at their lowest in over a year, and S&P Global forecasting a 2% US diesel demand contraction in 2023. Economists put recession odds for the US at 65%.

- Date: 2023-04-17 · published 2023-04-17T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/36589-drop-in-diesel-demand-heightens-recession-concerns-tt
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Falling diesel demand as an early recession signal implies lower industrial and consumer activity, a bearish backdrop for fuel and freight-linked commodity prices.

## Read by commodity

- BRENT: bearish ▼
- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2023-04-25 | [Is the US in a freight recession?](https://feedsoft.ai/events/36587-is-the-us-in-a-freight-recession.md) | -5.7% | -6.2% |
| DIESEL | 2024-05-30 | [Crude Prices Weighed Down by Energy Demand Concerns](https://feedsoft.ai/events/30418-crude-prices-weighed-down-by-energy-demand-concerns.md) | -5.6% | +4.9% |
| DIESEL | 2022-07-05 | [Oil tumbles 9% on recession demand destruction fears](https://feedsoft.ai/events/12612-oil-tumbles-9-on-recession-demand-destruction-fears.md) | -4.4% | -12.7% |
| DIESEL | 2019-05-28 | [Falling diesel fuel demand in china paints bleak picture](https://feedsoft.ai/events/10413-falling-diesel-fuel-demand-in-china-paints-bleak-picture.md) | -8.8% | -3.7% |
| DIESEL | 2019-12-30 | [Diesel Prices Remain Stable as IMO 2020 Mandate Set to Begin - TT](https://feedsoft.ai/events/55746-diesel-prices-remain-stable-as-imo-2020-mandate-set-to-begin-tt.md) | -1.0% | -16.4% |
| BRENT | 2022-07-18 | [Recession concerns, dollar demand clamp down on commodity market](https://feedsoft.ai/events/40398-recession-concerns-dollar-demand-clamp-down-on-commodity-market.md) | -1.5% | -5.3% |
| BRENT | 2022-07-05 | [Oil tumbles 9% on recession demand destruction fears](https://feedsoft.ai/events/12612-oil-tumbles-9-on-recession-demand-destruction-fears.md) | -4.9% | -11.7% |
| BRENT | 2023-12-12 | [Oil falls more than 3% on softening demand, oversupply concerns \| Reuters](https://feedsoft.ai/events/32904-oil-falls-more-than-3-on-softening-demand-oversupply-concerns-reuters.md) | +3.3% | +2.3% |

## Sources

- ttnews.com: https://www.ttnews.com/articles/drop-diesel-recession

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