Gasoil Price OutlookEuropean low sulfur gasoil prices continued to increase so far in the second quarter on the back of tight market conditions and heightened geopolitical tensions. On 11 May, gasoil traded at USD 658 per metric ton, which was 3.3% higher than on the same day last month and was up 9.8% on a year-to-date basis. Moreover, the price was 49.1% higher than on the same day last year. Robust demand from key sectors such as aviation and shipping have propelled the price increases. Reports pointing to declining inventories as refineries produce more lighter crude oil distillates and expectations of strong seasonal demand in the next two quarters have also driven prices higher. In addition, the U.S. decision to walk away from the Iran nuclear deal on 8 May deal has boosted prices in the global oil market on expectations of declining Iranian oil output.
Gasoil Price History Data (USD per metric ton, aop)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Gasoil Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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