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The IEA said European diesel prices remain 77% above pre-war levels, even as recovering Gulf exports pushed global oil supply above demand for the first time since the Iran war began. North Sea Dated crude has fallen 32% from an early October peak of $136 to about $93 a barrel, while European diesel fell 11% over the same period.
The agency called diesel shortages the market's overriding concern and urged faster release of emergency stocks.
Expected supply surplus in the fourth quarter points to lower crude and diesel prices, which would reduce the energy cost of grain drying, transport and fertiliser. Diesel tightness persists, so European fuel costs for farm and feed logistics will stay elevated.
euronews.comDoloresz KatanichNov 13, 2026After 129 past bearish report events, Crude Oil (Brent) moved a median -1.3% over 5 sessions (45% higher; middle half -3.9% to +2.5%), and +0.4% over 20.
After 86 past bearish report events, ULSD / Diesel moved a median -0.9% over 5 sessions (37% higher; middle half -4.3% to +0.9%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
