Fuel that powers the global economy is flashing recession signs
April 16, 2023
Who was cited:
Mia Geng, Head of China Oil Service, FGE
Signs of an economic slowdown are flashing in the global diesel market. 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.