# Diesel Down Despite Supply Issues | Energy Intelligence

> Diesel prices fell in Europe and globally even as crude and diesel moved in opposite directions during the seasonal shoulder period. European importers sourced more ULSD from the Middle East, India, the US, China, Singapore, South Korea and Turkey to replace Russian barrels, and Russian diesel exports hit a postwar high.

- Date: 2023-03-31 · published 2023-03-31T12:00:00.000Z
- Category: trade · region Europe · magnitude low
- Page: https://feedsoft.ai/events/37030-diesel-down-despite-supply-issues-energy-intelligence
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Diverse replacement supply for Europe's diesel is keeping distillate prices soft, which limits upward pressure on fuel and freight costs for feed makers.

## Read by commodity

- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2016-12-15 | [Market Eye: US Spot Offers Signal Diesel Oversupply \| Energy Intelligence](https://feedsoft.ai/events/73663-market-eye-us-spot-offers-signal-diesel-oversupply-energy-intelligence.md) | +0.0% | +0.9% |
| DIESEL | 2019-02-06 | [Products: Russia Steps Up Diesel Exports \| Energy Intelligence](https://feedsoft.ai/events/60793-products-russia-steps-up-diesel-exports-energy-intelligence.md) | +0.5% | +6.3% |
| DIESEL | 2017-06-14 | [Products: US Exports Threaten Diesel Deluge \| Energy Intelligence](https://feedsoft.ai/events/70698-products-us-exports-threaten-diesel-deluge-energy-intelligence.md) | -3.5% | +2.0% |
| DIESEL | 2017-12-13 | [Products: Russian Diesel Heads to New York \| Energy Intelligence](https://feedsoft.ai/events/67670-products-russian-diesel-heads-to-new-york-energy-intelligence.md) | +0.3% | +7.4% |
| DIESEL | 2021-02-17 | [Products: Weak Demand Triggers Unusual ULSD Moves \| Energy Intelligence](https://feedsoft.ai/events/48828-products-weak-demand-triggers-unusual-ulsd-moves-energy-intelligence.md) | +3.3% | +6.3% |

## Sources

- energyintel.com: https://www.energyintel.com/00000187-3720-dd4b-a7df-ff325ab00000

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