Middle East Economic Survey

VOL. L

No 13

26-Mar-2007

SG Views US Gasoline As Only Oil Market Driver Now

Société Générale (SG) views US gasoline as the only driver of the oil markets for the time being, but sees the short-term outlook for crude prices as bearish. In the Oil Drivers report of 19 March, SG Head of Commodities Research Frédéric Lasserre observes: The focus is on the refiners and not on the producers any more. The US gasoline stocks decline is the story of the moment. While US gasoline...