Why are Gas Oil Prices so high?
15-04-2026 - Over the past month, the price of Gas Oil has experienced a slight uptick, moving from $1133.25/t to $1135.5/t. This reflects a relatively stable market for this commodity, with only minor price variations. The forecast for Gas Oil is $1130.0/t, which is a slight decrease from the current price of $1135.5/t, indicating a -0.5% change. This suggests a generally flat trend with minimal risk, as the price change is marginal.
The current forecast indicates upward price pressure on raw materials, primarily driven by demand factors linked to the global economy, with an impact of $37.0/t. However, technical data points to a potential downward trend, presenting mixed signals from different data sources.
Additionally, the U.S. Energy Information Administration (EIA) projects that Brent crude oil prices will reach a peak of $115 per barrel in the second quarter of 2026 before declining as production constraints ease. This projection implies a potential decrease in oil prices in the near term, aligning with the forecast of a decrease in the ICE Gas Oil market.
The current forecast indicates upward price pressure on raw materials, primarily driven by demand factors linked to the global economy, with an impact of $37.0/t. However, technical data points to a potential downward trend, presenting mixed signals from different data sources.
Additionally, the U.S. Energy Information Administration (EIA) projects that Brent crude oil prices will reach a peak of $115 per barrel in the second quarter of 2026 before declining as production constraints ease. This projection implies a potential decrease in oil prices in the near term, aligning with the forecast of a decrease in the ICE Gas Oil market.
What is the current / spot price of Gas Oil?
Gas Oil Price Today
April 15, 2026
Current Price
1135.5
What is the forecast for the price of Gas Oil?
Gas Oil Price Forecast
April 21, 2026
1 Month Forecast
1130
1 Year Forecast
898
What are the short-term drivers of Gas Oil prices?
Over the 1 Month horizon the outlook is moderately bearish due to drivers such as: - The shape of the futures curve - Seasonality trends for the prediction week of year Br(None) The top contrary drivers for the 1 Month horizon are: - Crude imports to China - Petroleum Products exports from India - Japan PMI
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: - Crude imports to China - Euroil Crude 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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ChAI Protect is our commodity price risk insurance offering, created to protect your company from the financial risks associated with raw material price movements.
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