# A glut of diesel is quietly undermining oil price resurgence | Air Freight News

> Bloomberg reports that a global diesel glut is developing as refiners, particularly in Europe and the US, maximize diesel output and minimize jet fuel while freight and industrial demand remain weak. OPEC+ output cuts were extended but do little to address refinery margins. The surplus is cited as a drag on the wider oil price recovery.

- Date: 2020-06-08 · published 2020-06-08T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/52820-a-glut-of-diesel-is-quietly-undermining-oil-price-resurgence-air-freight-news
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Excess diesel supply weighs on refined product prices and undercuts crude's rebound, which can keep trucking and farm fuel costs low.

## Read by commodity

- WTI: bearish ▼
- DIESEL: bearish ▼

## Sources

- airfreight.news: https://airfreight.news/articles/full/a-glut-of-diesel-is-quietly-undermining-oil-price-resurgence

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