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The global diesel market is showing signs of an economic slowdown. In China, the number of trucks running on highways is noticeably down in recent weeks. In Europe, diesel’s premium to crude futures recently plunged to the lowest level in more than a year. In the US, demand is on track to contr...
Demand for the heavy-machinery fuel that powers everything from commercial trucking fleets to construction equipment is weakening in many of the world's la...
It’s not all doom and gloom. Europe’s demand for ultra-low-sulfur diesel is set to rise almost 9% between March and July, supported by summer travel, according to Janiv Shah, a senior analyst at Rystad Energy.
Demand for diesel has been weakening, putting recession-watchers on high alert
The pullback in US retail sales is mostly attributed to the Federal Reserve's yearlong interest rate hiking campaign, which is slowing inflation by cooling domestic demand