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...