Global diesel stocks are at their lowest levels, leading to an anticipated sharp rise in fuel prices in 2024. The potential cyclical upswing in manufacturing, freight transport, and construction, combined with the return of growth in the US and Europe, has intensified this trend. The Federal Reserve and the European Central Bank's interest rate cuts are also expected to further increase prices. Additionally, disruptions in east-west tankers and the rise in crack spreads for gasoil contribute to this potential.

Diesel Prices Set to Surge in 2024