Gasoil Price OutlookEuropean low sulfur gasoil prices fell markedly in February, putting an abrupt end to the upward trend observed since mid-December. On 9 February, gasoil traded at USD 545 per metric ton, which was down 11.1% from the same day last month and was 9.1% lower on a year-to-date basis. However, the price was up 12.6% from the same day last year. Prices were strongly impacted by the stock market rout in early February, which sent most energy commodities tumbling. Moreover, warmer-than-average temperatures in Europe kept demand for distillates lower through January and February. On the supply side, inventories in the European hub of Amsterdam-Rotterdam-Antwerp increased for six consecutive weeks, to above their five-year average, while record-high U.S. crude output also weighed on prices.
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
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.