IMO rules to cause 0.6mln bpd marine gasoil deficit in 2020

The upcoming International Maritime Organization sulfur 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 sulfur content in marine fuels to a maximum of 0.5 percent, down from 3.5 percent now, from the start of 2020.

(Reporting by Ahmad Ghaddar Editing by Alexandra Hudson)

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