Weak U.S. Diesel Demand Intensifies Recession Fears ...Middle East

OILPRICE - Economy
Weak U.S. Diesel Demand Intensifies Recession Fears
source : OILPRICE ( Middle East ) () 32
Diesel demand in the United States has been falling in recent months, also reflected in declining wholesale and retail diesel prices, pointing to a slowdown in industrial and freight activities and intensifying fears of a recession in the world’s largest economy.   Major U.S. transportation and logistics companies missed Wall Street forecasts in their Q1 earnings and flagged a “freight recession” last week. “To start, we're in a challenging freight environment where there is deflationary price pressure for an industry…

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