Gasoline: Crude Supporting Price


The upward revision of our crude oil price forecasts has pushed our gasoline price forecasts for 2014-2018 higher, as we expect the political risk stemming from Iraq to continue to support prices. Nonetheless, we maintain our view that growing production and slowing demand growth will limit both short-term and long-term price gains in New York and Rotterdam, while Singapore has better demand fundamentals supporting stronger gasoline prices.

BMI View: The upward revision of our crude oil price forecasts has pushed our gasoline price forecasts for 2014-2018 higher, as we expect the political risk stemming from Iraq to continue to support prices. Nonetheless, we maintain our view that growing production and slowing demand growth will limit both short-term and long-term price gains in New York and Rotterdam, while Singapore has better demand fundamentals supporting stronger gasoline prices.

Political Risk Sends Prices Soaring

Ukraine, Iraq Send Prices Up
New York & Rotterdam - Weekly Spot Gasoline (USD/bbl)

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This article is tagged to:
Sector: Oil & Gas
Geography: Global