- News
- Insights
- Bunkerworld .
- Bunker fuel demand to fall 5% on year in 2020, but stay stronger than other transport fuels: IEA
.
-
Apr 16
-
Apr 15
-
Apr 14
-
Apr 13
-
Apr 9
-
Apr 7
-
Apr 5
-
Mar 31
-
Mar 23
-
Mar 19
-
Mar 17
-
Mar 12
-
Mar 5
-
Mar 4
-
Mar 3
-
Mar 1
-
Feb 25
-
Feb 24
-
Feb 22
-
Feb 17
-
Feb 12
-
Feb 10
-
Feb 9
-
Feb 5
-
Feb 1
-
Jan 27
-
Jan 25
-
Jan 22
-
Jan 20
-
Jan 18
-
Jan 13
-
Jan 11
-
Jan 8
-
Jan 7
-
Jan 4
-
Dec 31
-
Dec 28
-
Dec 24
-
Dec 21
-
Dec 14
-
Dec 9
-
Dec 9
-
Dec 8
-
Dec 4
-
Dec 2
-
Dec 1
-
Nov 30
-
Nov 27
-
Nov 25
-
Nov 23
-
Nov 17
-
Nov 16
-
Nov 11
-
Nov 10
-
Nov 6
-
Nov 5
-
Nov 4
-
Nov 2
-
Oct 29
-
Oct 27
-
Oct 23
-
Oct 22
-
Oct 20
-
Oct 14
-
Oct 12
-
Oct 6
-
Oct 5
-
Sep 30
-
Sep 29
-
Sep 25
-
Sep 21
-
Sep 18
-
Sep 16
-
Sep 15
-
Sep 14
-
Sep 9
-
Sep 8
-
Sep 4
-
Sep 2
-
Aug 31
-
Aug 27
-
Aug 25
-
Aug 20
-
Aug 19
-
Aug 14
-
Aug 12
-
Aug 7
-
Aug 6
-
Aug 4
-
Jul 31
-
Jul 30
-
Jul 29
-
Jul 28
-
Jul 24
-
Jul 20
-
Jul 16
-
Jul 13
-
Jul 9
-
Jul 9
-
Jul 7
-
Jun 30
-
Jun 26
-
Jun 25
-
Jun 23
-
Jun 22
-
Jun 22
-
Jun 19
-
Jun 16
-
Jun 10
-
Jun 9
-
Jun 5
-
Jun 2
-
May 29
-
May 26
-
May 21
-
May 20
-
May 12
-
May 8
-
May 5
-
May 4
-
May 1
-
Apr 28
-
Apr 24
-
Apr 23
-
Apr 22
-
Apr 21
-
Apr 20
-
Apr 17
-
Apr 16
-
Apr 16
-
Apr 3
Bunker fuel demand is forecast to fall 5% this year, far less than other fuels, with some sectors such as oil and chemicals showing no change in bunker fuel demand despite the coronavirus pandemic, said the International Energy Agency Thursday.
"The data that has emerged so far points to a much less significant decline in deliveries than for other transport fuels," said the IEA, noting that first quarter bunker fuel volumes in Singapore, the world’s biggest bunker hub, rose 5% from a year earlier despite the slowdown in China due to COVID-19. In Rotterdam, deliveries climbed 3% over the same period, it noted.
Bunker fuel sales in April were 10.8% higher than a year earlier, showed data from the Singapore Maritime and Port Authority Wednesday.
Ships for oil and chemicals, which take up 21% of bunker demand, are forecast to show no change in bunker fuel demand through the rest of this year, said the IEA. Dry bulk, with a 29% share, will show a 2% drop in the second and third quarters, and no change in the fourth quarter. Container ships, with a 14% share, will show a 12% decline in Q2, 8% drop in Q3, and 4% in Q4. The cruise sector, with a 6% share, will be hit the most, with demand falling 90% in Q2, 83% in Q3, and 60% in Q4.
The aviation sector, on the other hand, will be hurt this year and beyond, said the IEA. Demand for jet fuel and kerosene is seen falling 1.7 million b/d in July through December, compared with year earlier periods, or an average of 120,000 b/d lower than the IEA's forecast last month, it said. Gasoline demand is expected to decrease by 550,000 b/d per month from a year earlier, and combined diesel and gasoil demand by 150,000 b/d, said the IEA.
Bunkerworld .,