# Global diesel shortage raises risk of oil price spike

> Global stocks of diesel and other middle distillates have fallen to their lowest seasonal level since 2008, according to a Reuters column dated March 11, 2022. The column warns that the shortage could push oil prices sharply higher unless crude and distillate supply rises or economic growth slows enough to ease diesel demand.

- Date: 2022-03-11 · published 2022-03-11T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/4721-global-diesel-shortage-raises-risk-of-oil-price-spike
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Low distillate stocks raise the risk of an oil price spike, which would lift diesel and freight costs for feed producers. Supply response is slow, so the upward pressure could persist.

## Read by commodity

- BRENT: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2025-03-31 | [Diesel Price Rises 2.5¢ to $3.592 a Gallon - TT](https://feedsoft.ai/events/25785-diesel-price-rises-2-5-to-3-592-a-gallon-tt.md) | -7.6% | -3.9% |
| DIESEL | 2024-11-25 | [Diesel Price Rises 4.8¢ to $3.539 a Gallon - TT](https://feedsoft.ai/events/27580-diesel-price-rises-4-8-to-3-539-a-gallon-tt.md) | -4.5% | -2.0% |
| DIESEL | 2025-01-06 | [Diesel Price Rises 5.8¢ to $3.561 a Gallon to Start New Year - TT](https://feedsoft.ai/events/10351-diesel-price-rises-5-8-to-3-561-a-gallon-to-start-new-year-tt.md) | +6.4% | +4.7% |
| DIESEL | 2024-03-25 | [EIA sharply raises 2026-2027 diesel price forecast \| Latest Market News](https://feedsoft.ai/events/31383-eia-sharply-raises-2026-2027-diesel-price-forecast-latest-market-news.md) | -0.9% | -3.5% |
| DIESEL | 2022-02-22 | [And now it’s 2013: DOE/EIA diesel price rises to level of 9 years ago - FreightWaves](https://feedsoft.ai/events/42897-and-now-it-s-2013-doe-eia-diesel-price-rises-to-level-of-9-years-ago.md) | +7.9% | +38.8% |
| BRENT | 2024-03-25 | [EIA sharply raises 2026-2027 diesel price forecast \| Latest Market News](https://feedsoft.ai/events/31383-eia-sharply-raises-2026-2027-diesel-price-forecast-latest-market-news.md) | +1.9% | +2.3% |
| BRENT | 2026-09-09 | [US EIA hikes oil price forecasts as Iran war drains global stockpile By Reuters](https://feedsoft.ai/events/17665-us-eia-hikes-oil-price-forecasts-as-iran-war-drains-global-stockpile-by-reuters.md) | +17.0% | +10.2% |
| BRENT | 2026-05-13 | [Oil price spike turmoil far from over, IEA says](https://feedsoft.ai/events/19445-oil-price-spike-turmoil-far-from-over-iea-says.md) | +3.1% | -13.8% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/global-diesel-shortage-raises-risk-oil-price-spike-kemp-2022-03-11/

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