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9 Pages

Marine fuel regulations: Gasoil is the only viable near term solution

Marine fuel regulations: Gasoil is the only viable near term solution

Report summary

The international marine bunker market currently accounts for over 200 Mt of oil demand - equivalent to over 3.8 million b/d. The International Maritime Organisation (IMO) MARPOL Annex VI sulphur limits will have a major impact on bunker fuel markets, with a 0.1% sulphur limit in Emission Control Areas (ECAs) in 2015, a potential European Union (EU) wide limit of 0.5% in 2020, and a worldwide limit of 0.5% by 2025 at the latest. This insight presents our view of the resulting market,

What's included?

This report includes 1 file(s)

  • Marine fuel regulations: Gasoil is the only viable near term solution PDF - 603.88 KB 9 Pages, 1 Tables, 11 Figures


This Refining and Oil Products Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For participants, suppliers and advisors who want to look at the trends, risks and issues of this topic, this report gives you an alternative point of view to help inform your decision making.

With over 20 years of experience in the refining industry, Wood Mackenzie is a trusted global leader with a reputation for producing consistently reliable information.

Our senior analysts are based in the markets they analyse. They use detailed research data to forecast, benchmark and recognise trends that will help both new and existing participants identify opportunities and avoid risks.

  • Introduction
  • Context
  • Current timeline for implementation
  • Impact in 2015
    • Impact on price
    • Impact on refinery supply balances
  • Impact in 2020
  • Summary and conclusions

In this report there are 12 tables or charts, including:

  • Introduction
  • Context
    • Figure 1: Current and possible future Emission Control Areas
  • Current timeline for implementation
    • Figure 2: Current timeline for bunker sulphur emission limits, 2008 - 2025
  • Impact in 2015
    • Figure 3: ECA bunker fuel demand forecast methodology
    • Figure 4a: Marine fuel demand in North West Europe
    • Figure 4b: Marine fuel demand in North America
    • Figure 5a: North West Europe (Rotterdam)
    • Figure 5b: North America (NY Harbor)
    • Figure 6a: North West Europe refinery supply balance
    • Figure 6b: North America refinery supply balance
  • Impact in 2020
    • Table 1: Potential additional Marine Gas Oil demand arising from EU 2020 decision, Mt (kb/d)
    • Figure 7a: Oil demand in European bunker market
    • Figure 7b: Oil demand in European bunker market
  • Summary and conclusions
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