Oil Products Price Outlook

February 2009
Libya Oil & Gas Report;Q1 2009, p19
Industry Profile
The article provides an analysis of the trends in supply and demand that are expected to influence the price of oil products in the first quarter of 2009. Crude oil prices increased and suddenly declined in the last quarter of 2008 and U.S. gasoline stockpiles fell to an 18-year low in September 2009. Trends in demand for gasoline, jet fuel and diesel fuel are presented including data from countries such as China and India, but with a particular focus on the U.S. It also states that the U.S. Department of Energy predicts an increase in prices in 2009 to $126/bbl. Based on all the data, the author forecasts crude oil price will average $3.88 and $4.26 per gallon in 2009.


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