Diesel price outlook news

Here are some recent news articles and updates on the diesel price outlook:

Global Diesel Price Outlook

• According to the International Energy Agency (IEA), the global diesel price is expected to rise in 2023 due to increased demand and supply constraints. (Source: IEA, January 2023)
• The IEA also forecasts that diesel prices will continue to rise in 2024, driven by growing demand from emerging markets and limited supply growth. (Source: IEA, January 2023)

Regional Diesel Price Outlook

• In the United States, diesel prices are expected to rise in 2023 due to increased demand and supply constraints, according to the Energy Information Administration (EIA). (Source: EIA, January 2023)
• In Europe, diesel prices are expected to remain high in 2023 due to supply chain disruptions and high demand, according to the European Automobile Manufacturers Association (ACEA). (Source: ACEA, January 2023)
• In Asia, diesel prices are expected to rise in 2023 due to increased demand from emerging markets and limited supply growth, according to the Asian Development Bank (ADB). (Source: ADB, January 2023)

Factors Affecting Diesel Prices

• Supply and demand imbalances: Global diesel demand is expected to outstrip supply in 2023, leading to higher prices. (Source: IEA, January 2023)
• Refinery maintenance: Refinery maintenance and outages are expected to reduce diesel supply and drive up prices. (Source: EIA, January 2023)
• Crude oil prices: Higher crude oil prices are expected to drive up diesel prices, as diesel is a refined product derived from crude oil. (Source: Bloomberg, January 2023)
• Trade tensions: Trade tensions and tariffs are expected to impact global diesel trade and prices. (Source: Reuters, January 2023)

Diesel Price Forecasts

• The EIA forecasts that the average diesel price in the United States will rise to $3.45 per gallon in 2023, up from $3.23 per gallon in 2022. (Source: EIA, January 2023)
• The IEA forecasts that the average diesel price globally will rise to $1.23 per liter in 2023, up from $1.15 per liter in 2022. (Source: IEA, January 2023)
• The ADB forecasts that the average diesel price in Asia will rise to $1.15 per liter in 2023, up from $1.05 per liter in 2022. (Source: ADB, January 2023)

Please note that these forecasts and outlooks are subject to change and may be influenced by various factors, including changes in global economic conditions, supply and demand imbalances, and trade policies.