No. 18



Asian Demand Key To Summer Crude Prices Says CGES

While the US gasoline market is tighter this year than last year, it will be Asian crude oil demand which determines whether or not this summers crude oil market behavior is a repeat of 2000, according to Londons Centre for Global Energy Studies (CGES). In its Monthly Oil Report, published on 23 April, CGES says that the US products pinch in the summer of 2000 was exacerbated by Asian crude oil demand, but that...