# European diesel prices stay high as global oil supply overtakes demand, IEA says

> 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.

- Date: 2026-11-13 · published 2026-11-13T12:10:52.765Z
- Category: report · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/97685-european-diesel-prices-stay-high-as-global-oil-supply-overtakes-demand-iea-says
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

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.

## Read by commodity

- BRENT: bearish ▼
- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-02-12 | [OPEC Sees Weaker Demand for Its Crude as US Oil Supply Thrives - TT](https://feedsoft.ai/events/60519-opec-sees-weaker-demand-for-its-crude-as-us-oil-supply-thrives-tt.md) | +8.0% | +7.2% |
| BRENT | 2021-03-31 | [OPEC cuts global oil demand estimates ahead of production decision](https://feedsoft.ai/events/48043-opec-cuts-global-oil-demand-estimates-ahead-of-production-decision.md) | -1.9% | +5.4% |
| BRENT | 2025-06-10 | [Crude price fall to continue in 2025-26 as global production outpaces demand: US EIA](https://feedsoft.ai/events/24394-crude-price-fall-to-continue-in-2025-26-as-global-production-outpaces-demand-us.md) | +9.2% | +4.2% |
| BRENT | 2020-09-10 | [Oil prices fall as growing U.S. stockpiles signal bumpy demand recovery \| Financial Post](https://feedsoft.ai/events/7477-oil-prices-fall-as-growing-u-s-stockpiles-signal-bumpy-demand-recovery.md) | +3.3% | +2.3% |
| BRENT | 2021-03-31 | [OPEC+ panel says uncertainties may impact oil demand recovery - Markets - Business Recorder](https://feedsoft.ai/events/48044-opec-panel-says-uncertainties-may-impact-oil-demand-recovery-markets-business.md) | -1.9% | +5.4% |
| DIESEL | 2022-08-12 | [Grain Shipment Prices High Despite Falling Diesel Prices \| Feed & Grain](https://feedsoft.ai/events/40223-grain-shipment-prices-high-despite-falling-diesel-prices-feed-and-grain.md) | +4.6% | +3.1% |
| DIESEL | 2018-12-24 | [2018 Diesel Prices Stay Consistent Around $3 a Gallon - TT](https://feedsoft.ai/events/61738-2018-diesel-prices-stay-consistent-around-3-a-gallon-tt.md) | -3.5% | +8.7% |
| DIESEL | 2019-06-05 | [U.S. oil prices enter a bear market as weekly domestic crude supplies jump to a nearly 2-year high - MarketWatch](https://feedsoft.ai/events/11592-u-s-oil-prices-enter-a-bear-market-as-weekly-domestic-crude-supplies-jump-to-a.md) | -0.2% | +3.7% |

## Sources

- euronews.com: https://www.euronews.com/2026/11/13/european-diesel-prices-stay-high-as-global-oil-supply-overtakes-demand-iea-says

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