Company and Market Update — 04 February 2025
From our company archive. Market commentary reflects its original publication date.
Gasoil Market Outlook (1st Week of February 2025): Gasoil prices may tighten due to peak winter heating demand in Europe and refinery maintenance in Asia. Post-Lunar New Year recovery in Chinese industrial activity could boost regional demand, while Middle East supply risks persist. EU carbon policy adjustments (e.g., CBAM implementation) may add compliance costs. Bearish pressure stems from rising U.S. refinery runs and weaker-than-expected freight sector consumption. Key monitors: EIA distillate inventories (likely tight), OPEC+ diesel yield strategies, and weather-driven demand spikes. Gasoil cracks likely hold $18–$22/bbl, with volatility from geopolitical disruptions or softer global manufacturing data. #drakensbergenergy #gasoil #diesel #OPECPlus
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