Gasoil Price OutlookEuropean Low Sulfur Gasoil prices climbed even higher in September in the weeks following a devastating hurricane season in the United States, before easing by the end of the month on news of alleviated supply disruptions. On 6 October, gasoil traded at USD 497 per metric ton, which was 2.3% lower than on the same day in July but was up 0.9% on a year-to-date basis. The price was 8.1% higher than on the same day last year. Gasoil prices have hit a two-year high in recent months as a result of short-term supply disruptions and longer-term demand trends, with the latter manifesting itself in strong industrial demand worldwide. On the supply side, global gasoil stocks were drained this summer as one of Royal Dutch Shell’s European refineries suffered a fire even before Hurricanes Harvey and Irma knocked refineries offline in the southern United States. Typically, summer months are spent building inventories ahead of the seasonal uptick in demand.
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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