Why are Gas Oil Prices so high?
30-09-2026 - Over the past month, the price of Gas Oil has seen a significant increase, climbing from $1280/t to $1394.25/t. This upward movement suggests a notable rise in the cost of this raw material, potentially due to market shifts or heightened demand. However, the forecast predicts a decrease to $1321.75/t, a 5.2% drop from the current price of $1394.25/t, indicating a potential downward trend. This forecast highlights the risk of market volatility impacting raw material prices.
The anticipated decline in Gas Oil prices is primarily influenced by Technical data, which contributes a -$48.75/t impact. Although Supply data suggests upward pressure, the combined effects of Demand, Flows, and Technical data point towards a price reduction.
Additionally, the World Bank's October 2023 Commodity Markets Outlook projects a 29% decline in the energy price index for 2023 compared to 2022, driven by significantly lower natural gas and coal prices. The index is expected to decrease by another 5% in 2024 and 1% in 2025, though it will remain high by historical standards. Brent crude oil prices are forecasted to average $84 per barrel in 2023, with further moderation anticipated in 2024 due to weakening global growth and increasing supply.
This outlook aligns with the forecast's prediction of a downward trend in the ICE Gas Oil market, suggesting a broader decline in energy prices.
The anticipated decline in Gas Oil prices is primarily influenced by Technical data, which contributes a -$48.75/t impact. Although Supply data suggests upward pressure, the combined effects of Demand, Flows, and Technical data point towards a price reduction.
Additionally, the World Bank's October 2023 Commodity Markets Outlook projects a 29% decline in the energy price index for 2023 compared to 2022, driven by significantly lower natural gas and coal prices. The index is expected to decrease by another 5% in 2024 and 1% in 2025, though it will remain high by historical standards. Brent crude oil prices are forecasted to average $84 per barrel in 2023, with further moderation anticipated in 2024 due to weakening global growth and increasing supply.
This outlook aligns with the forecast's prediction of a downward trend in the ICE Gas Oil market, suggesting a broader decline in energy prices.
What is the current / spot price of Gas Oil?
Gas Oil Price Today
September 30, 2026
Current Price
1394.25
What is the forecast for the price of Gas Oil?
Gas Oil Price Forecast
September 30, 2026
1 Month Forecast
1321.75
1 Year Forecast
1267.5
What are the short-term drivers of Gas Oil prices?
Over the 1 Month horizon the outlook is bearish due to drivers such as: - The net positions of speculators on ICE - The shape of the futures curve - EWMA-based technical analysis Br(None) The top contrary drivers for the 1 Month horizon are: - Long term price trends - LPG imports to Spain
What are the long-term drivers of Gas Oil prices?
Over the 1 Year horizon the outlook is bearish due to drivers such as: - EWMA-based technical analysis - The shape of the futures curve (adjusted for the risk free rate and price volatility) Br(None) The top contrary drivers for the 1 Year horizon are: - Euroil Crude Stocks - Crude Oil EIA Stocks
Will the price of Gas Oil go up?
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1 Week
1 Month
3 Month
6 Month
1 Year
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