# FreightWaves oil report: here are the oil and diesel numbers that OPEC faces this week - FreightWaves

> OPEC and allied producers meet in Vienna starting December 3 with a sequence of meetings through December 6. Analysts flag projected supply/demand imbalance for 2020, with OPEC output falling sharply from November 2018 levels after the cuts and Saudi output hit by attacks on its facilities.

- Date: 2019-11-30 · published 2019-11-30T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/56252-freightwaves-oil-report-here-are-the-oil-and-diesel-numbers-that-opec-faces
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Feed buyers should watch crude as a driver of biofuel economics, freight and fertilizer costs; a deeper OPEC+ cut would support crude and diesel and could lift soyoil and vegetable oil prices through biodiesel margins.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2017-05-26 | [OPEC cut unlikely to move U.S. diesel prices - FreightWaves](https://feedsoft.ai/events/71182-opec-cut-unlikely-to-move-u-s-diesel-prices-freightwaves.md) | -2.1% | -11.9% |
| WTI | 2025-06-13 | [Diesel and crude spike higher on Israel attack, though no Iranian oil facilities impacted - FreightWaves](https://feedsoft.ai/events/7757-diesel-and-crude-spike-higher-on-israel-attack-though-no-iranian-oil-facilities.md) | +10.2% | +1.1% |
| WTI | 2019-09-16 | [Truckers: Fill up your tank ASAP. Diesel could surge $.60 per gallon this week - FreightWaves](https://feedsoft.ai/events/5988-truckers-fill-up-your-tank-asap-diesel-could-surge-60-per-gallon-this-week.md) | +5.8% | -0.1% |
| WTI | 2026-02-24 | [For 7th straight week, benchmark diesel price is higher - FreightWaves](https://feedsoft.ai/events/20775-for-7th-straight-week-benchmark-diesel-price-is-higher-freightwaves.md) | +7.3% | +34.0% |
| WTI | 2019-09-22 | [Diesel and Detroit disruptions hit trucking hard and fast - FreightWaves](https://feedsoft.ai/events/57269-diesel-and-detroit-disruptions-hit-trucking-hard-and-fast-freightwaves.md) | -3.5% | -7.3% |
| BRENT | 2025-01-13 | [Benchmark diesel price up for third week as oil futures markets soar again - FreightWaves](https://feedsoft.ai/events/11453-benchmark-diesel-price-up-for-third-week-as-oil-futures-markets-soar-again.md) | +2.7% | -6.4% |
| BRENT | 2017-05-26 | [OPEC cut unlikely to move U.S. diesel prices - FreightWaves](https://feedsoft.ai/events/71182-opec-cut-unlikely-to-move-u-s-diesel-prices-freightwaves.md) | -2.9% | -13.5% |
| BRENT | 2025-06-13 | [Diesel and crude spike higher on Israel attack, though no Iranian oil facilities impacted - FreightWaves](https://feedsoft.ai/events/7757-diesel-and-crude-spike-higher-on-israel-attack-though-no-iranian-oil-facilities.md) | +12.0% | -0.8% |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/freightwaves-oil-report-here-are-the-oil-and-diesel-numbers-that-opec-faces-this-week

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