On Digi24, Eugenia Gusilov discussed the rise in diesel prices, the factors behind it, and what to expect during the autumn season. Demand for gasoline tends to moderate once the holiday season ends, while demand for diesel increases as winter approaches, leading to a price reversal at the pump with cheaper gasoline and more expensive diesel. Beyond baseline crude oil market trends, related submarkets such as gasoline, diesel, jet fuel, and fuel oil are influenced by specific supply-demand dynamics.
A period of turbulence was anticipated for the coming months due to a daily production deficit of 5 Mb/d in the OPEC+ area through the end of 2023, the depletion of stocks built between October 2022 and February 2023, and reduced refinery output caused by summer heatwaves.