# Analyst reports little chance of a near-term recovery in diesel - FreightWaves

> Energy Aspects says diesel markets will stay weak even after the coronavirus outbreak ends, because jet fuel demand losses are pushing distillates into diesel. The Dated Brent to ULSD spread widened to $13.21 a barrel from $8.05 at the end of January. The firm also cited refinery overcapacity as a continuing problem.

- Date: 2020-02-17 · published 2020-02-17T12:00:00.000Z
- Category: disease · region Global · magnitude low
- Page: https://feedsoft.ai/events/9356-analyst-reports-little-chance-of-a-near-term-recovery-in-diesel-freightwaves
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A prolonged distillate glut keeps diesel and freight-related costs low for longer, while the wider crack spread shows refiners are unlikely to cut output quickly.

## Read by commodity

- BRENT: neutral
- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2020-01-22 | [Fueled by concerns over the ‘China virus,’ oil markets tumble - FreightWaves](https://feedsoft.ai/events/12373-fueled-by-concerns-over-the-china-virus-oil-markets-tumble-freightwaves.md) | -6.3% | -6.6% |
| DIESEL | 2020-02-03 | [Price of oil dips below $50 for first time in more than a year \| CBC News](https://feedsoft.ai/events/7409-price-of-oil-dips-below-50-for-first-time-in-more-than-a-year-cbc-news.md) | +1.2% | -4.9% |
| DIESEL | 2020-01-28 | [Diesel Slump Turns Into a Rout as Virus Locks Down Cities - Bloomberg](https://feedsoft.ai/events/12371-diesel-slump-turns-into-a-rout-as-virus-locks-down-cities-bloomberg.md) | -5.8% | -6.1% |
| DIESEL | 2022-04-22 | [Crudes Fall 4% Week Over Week as China's Lockdowns Stoke Demand Fears](https://feedsoft.ai/events/41762-crudes-fall-4-week-over-week-as-china-s-lockdowns-stoke-demand-fears.md) | +29.4% | -2.2% |
| DIESEL | 2021-11-26 | [Algos and options turn a tumble into a crash on oil's Black Friday - The Business Times](https://feedsoft.ai/events/7080-algos-and-options-turn-a-tumble-into-a-crash-on-oil-s-black-friday-the-business.md) | -11.4% | -2.0% |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/analyst-reports-little-chance-of-a-near-term-recovery-in-diesel

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