# Why Diesel Prices Are Set To Soar | OilPrice.com

> The IMO will cut the maximum marine fuel sulphur content from 3.5% to 0.5% on 1 January 2020. The article explains that the earlier US ULSD mandate raised diesel prices by raising production costs and increasing demand for sweet crude. It argues the new rule could repeat that effect.

- Date: 2018-09-02 · published 2018-09-02T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/63225-why-diesel-prices-are-set-to-soar-oilprice-com
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Refiners' shift to low-sulphur production is expected to lift diesel relative to crude and gasoline, increasing fuel costs for feed logistics.

## Read by commodity

- BRENT: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2018-10-28 | [Is A Diesel Crunch Coming? \| OilPrice.com](https://feedsoft.ai/events/62735-is-a-diesel-crunch-coming-oilprice-com.md) | -5.8% | -17.8% |
| DIESEL | 2019-09-21 | [Biodiesel prices soar in Germany, up 30% compared to mid-August  : The Daily Digest](https://feedsoft.ai/events/57169-biodiesel-prices-soar-in-germany-up-30-compared-to-mid-august-the-daily-digest.md) | -2.4% | -2.0% |
| DIESEL | 2017-11-16 | [Mexico Seeks Diesel Around the World Before Price Limits End](https://feedsoft.ai/events/68180-mexico-seeks-diesel-around-the-world-before-price-limits-end.md) | +1.3% | +0.1% |
| DIESEL | 2023-04-02 | [Oil prices surge after surprise move to cut output](https://feedsoft.ai/events/7947-oil-prices-surge-after-surprise-move-to-cut-output.md) | +2.0% | -10.0% |
| DIESEL | 2026-10-27 | [Oil Companies Warned Over Russian Diesel Imports](https://feedsoft.ai/events/949-oil-companies-warned-over-russian-diesel-imports.md) | -3.9% | — |
| BRENT | 2019-08-16 | [OPEC Oil Production Continues To Slide As Saudis Cut Deeper \| OilPrice.com](https://feedsoft.ai/events/57504-opec-oil-production-continues-to-slide-as-saudis-cut-deeper-oilprice-com.md) | +3.6% | +4.8% |
| BRENT | 2017-09-21 | [OPEC's Strategy To Clamp Down On Cheating \| OilPrice.com](https://feedsoft.ai/events/68870-opec-s-strategy-to-clamp-down-on-cheating-oilprice-com.md) | +2.8% | +2.4% |
| BRENT | 2024-04-03 | [OPEC+ Keeps Oil Output Steady As Crude Prices Soar](https://feedsoft.ai/events/30646-opec-keeps-oil-output-steady-as-crude-prices-soar.md) | +2.8% | -0.3% |

## Sources

- oilprice.com: https://oilprice.com/Energy/Energy-General/Why-Diesel-Prices-Are-Set-To-Soar.html

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