Middle East Economic Survey
VOL. XLVII
No 41
11-October-2004
SUPPLY/DEMAND
Heating Oil Highs Reflect Supply Fears, Says Société Générale
Heating oil prices have reached new highs on both the IPE and Nymex, reflecting fears over supplies as winter approaches, according to Société Générale Economist Frederic Lasserre. In the report Weekly Oils: Desperately Seeking Gasoil, published on 4 October, he observes: While Brent tested a new high at $46.80/B, IPE Gasoil was the oil complexs most outstanding...
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