IMO Rules to Cause Marine Gasoil Deficit in 2020 - Rystad

Maritime Activity Reports, Inc.

April 4, 2019

* The upcoming International Maritime Organization sulphur regulations for marine fuel will lead to a deficit of 600,000 barrel per day of marine gasoil in 2020, according to consultancy Rystad Energy.

* "We estimate that global gasoil/diesel demand growth in 2020 could reach 1.7 mln bpd, 1.4 million bpd of which is from marine bunkers, almost six times the five-year average global gasoil growth," said Bjørnar Tonhaugen, head of oil market research.

* The IMO has restricted sulphur content in marine fuels to a maximum of 0.5 percent, down from 3.5 percent now, from the start of 2020. 

(Reuters, Reporting by Ahmad Ghaddar Editing by Alexandra Hudson)

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