Energy & Petrochemicals #diesel#prices
Diesel Plunges as IEA Report Offers Bullish and Bearish Signals Following U.S.-Iran Peace Deal
The International Energy Agency's monthly report provides data supporting both bullish and bearish oil price views following the U.S.-Iran peace deal. Diesel prices have fallen sharply, with DOE/EIA retail diesel at $5.059/gallon, down 15.1 cents. ULSD on CME settled at $3.1702/g, down 44.24 cents in four days. IEA estimates global supply will average 102.4 million b/d in 2026, a drop of 3.9 million b/d from 2025, while demand is set to decline 1.1 million b/d. May production plunged to 94.5 million b/d, down 13.6 million b/d from pre-war levels.
Jun 17, 2026 1 source