Why are Gas Oil Prices so high?
06-02-2026 - Over the past month, the price of Gas Oil has seen a significant increase, climbing from $614.25/t to $689.5/t. This rise indicates strong demand or possible supply constraints impacting this raw material, highlighting key market dynamics. The forecast predicts a further increase to $707.75/t, a 2.6% rise from the current price of $689.5/t, suggesting a continued upward trend. However, this comes with the risk of potential market fluctuations affecting raw material costs.
The current forecast indicates upward price pressure on Gas Oil, influenced by technical data, with a $24.0/t impact, particularly from Futures Curve and Traders' Positions. Conversely, data on Demand, Flows, and Supply suggest downward pressure, revealing a lack of consensus among different data types.
In contrast, the U.S. Energy Information Administration (EIA) anticipates a decline in crude oil prices through 2026, with Brent crude oil projected to average $66 per barrel in 2025 and $59 per barrel in 2026. This expected downward trend in the oil market contrasts with the forecasted rise in the ICE Gas Oil market to $707.75/t in the coming month. This divergence highlights differing perspectives from external sources regarding the direction of the ICE Gas Oil market.
The current forecast indicates upward price pressure on Gas Oil, influenced by technical data, with a $24.0/t impact, particularly from Futures Curve and Traders' Positions. Conversely, data on Demand, Flows, and Supply suggest downward pressure, revealing a lack of consensus among different data types.
In contrast, the U.S. Energy Information Administration (EIA) anticipates a decline in crude oil prices through 2026, with Brent crude oil projected to average $66 per barrel in 2025 and $59 per barrel in 2026. This expected downward trend in the oil market contrasts with the forecasted rise in the ICE Gas Oil market to $707.75/t in the coming month. This divergence highlights differing perspectives from external sources regarding the direction of the ICE Gas Oil market.
What is the current / spot price of Gas Oil?
Gas Oil Price Today
February 6, 2026
Current Price
689.5
What is the forecast for the price of Gas Oil?
Gas Oil Price Forecast
February 9, 2026
1 Month Forecast
707.75
1 Year Forecast
800.75
What are the short-term drivers of Gas Oil prices?
Over the 1 Month horizon the outlook is bullish due to drivers such as: - The net positions of speculators on ICE - The shape of the futures curve - LPG imports to Malaysia Br(None) The top contrary drivers for the 1 Month horizon are: - LPG imports to China - Seasonality trends for the prediction week of year
What are the long-term drivers of Gas Oil prices?
Over the 1 Year horizon the outlook is bullish due to drivers such as: - LPG imports to Korea - Crude imports to China - Movements in the Euro Br(None) The top contrary drivers for the 1 Year horizon are: - Short term price trends - EWMA-based technical analysis
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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