# Distillates Snap Back as Both the US and China Hit Critical Diesel Lows While Palm and Soyoil Flush Crush BOHO

> Crude and distillate prices rebounded nearly 4% after a sharp post-election decline, while the November-April ICE gasoil spread widened to $220.75 per tonne. US diesel stocks fell below the 100-million-barrel operational minimum to their lowest since May 2003, and Chinese commercial diesel inventories reached a multi-year low near 1.05 million tonnes in October. Hormuz shipping disruptions and higher insurance and freight costs are also raising the cost of Gulf crude deliveries.

- Date: 2026-11-05 · published 2026-11-06T03:06:13.313Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/83200-distillates-snap-back-as-both-the-us-and-china-hit-critical-diesel-lows-while
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Low inventories in two major economies and constrained, costly Gulf shipments tighten the distillate balance and support diesel and crude prices. Higher energy costs can also raise feed production and transport expenses.

## Read by commodity

- SBO: neutral
- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: bullish ▲
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2025-01-17 | [Global diesel prices spike as US hits Russia with new sanctions](https://feedsoft.ai/events/11452-global-diesel-prices-spike-as-us-hits-russia-with-new-sanctions.md) | -3.6% | -5.3% |
| DIESEL | 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) | +15.6% | +11.6% |
| DIESEL | 2026-09-15 | [US diesel prices hit new all-time high amid global supply disruptions, strong demand \| S&P Global](https://feedsoft.ai/events/17656-us-diesel-prices-hit-new-all-time-high-amid-global-supply-disruptions-strong.md) | -1.7% | -4.1% |
| DIESEL | 2025-09-24 | [Diesel Traders Bet on Price Spike as Russia Refineries Hit - TT](https://feedsoft.ai/events/23065-diesel-traders-bet-on-price-spike-as-russia-refineries-hit-tt.md) | -0.1% | -5.3% |
| DIESEL | 2022-04-01 | [Asia Distillates: Gasoil cash premiums up - Markets - Business Recorder](https://feedsoft.ai/events/9141-asia-distillates-gasoil-cash-premiums-up-markets-business-recorder.md) | -6.5% | +28.7% |
| WTI | 2018-06-25 | [Take a look at the WTI and Brent crude oil prices after OPEC \| IG South Africa](https://feedsoft.ai/events/64676-take-a-look-at-the-wti-and-brent-crude-oil-prices-after-opec-ig-south-africa.md) | +7.6% | -1.4% |
| WTI | 2022-02-24 | [Canadian dollar hits two-month low as Russia invades Ukraine - The Globe and Mail](https://feedsoft.ai/events/42918-canadian-dollar-hits-two-month-low-as-russia-invades-ukraine-the-globe-and-mail.md) | +20.2% | +24.7% |
| WTI | 2026-07-08 | [Soybean Oil Hits Three-Week High as US-Iran Ceasefire Dissolves - Bloomberg](https://feedsoft.ai/events/18449-soybean-oil-hits-three-week-high-as-us-iran-ceasefire-dissolves-bloomberg.md) | +12.5% | +7.9% |

## Sources

- globalbiodiesel.com: https://www.globalbiodiesel.com/post/distillates-snap-back-as-both-the-us-and-china-hit-critical-diesel-lows-while-palm-and-soyoil-flush

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