Gasoil Price OutlookEuropean low sulfur gasoil prices rose sharply in recent weeks, having tumbled at the end of August and into early September. On 9 October, gasoil traded at USD 338 per metric ton, which was up 10.3% from the same day last month. However, the price was 43.9% lower on a year-to-date basis and was down 40.8% from the same day last year. Prices drove higher over the past month, as an uptick in demand outweighed continued high supplies. A well-supplied market—in part due to swelling production on the back of IMO 2020 rules implemented in January that mandated the use of cleaner maritime fuels—was overpowered by upward price pressures fueled by increased U.S. demand for European gasoil due to arbitrage opportunities resulting from high prices for U.S. varieties.
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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