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FGE In the Media

Europe’s Ailing Diesel Demand to Get Help From New Rule on Shipping Pollution

Oil

Article by: Jack Wittels - Bloomberg
Date Published: October 29, 2024
Who was cited: Eugene Lindell, Head of Refined Products - FGE London

"The regulation will result in an increase of 44,000 barrels a day in demand for a type of diesel fuel known as marine gasoil next year, according to Eugene Lindell , head of refined products at consultancy FGE

While the new rule will support Europe’s overall diesel demand, it won’t be enough to stop the downtrend, Lindell said. FGE expects total consumption across Europe to still fall by an average 30,000 barrels a day in 2025, following a drop of 140,000 barrels a day this year.

FGE’s forecast for 44,000 barrels a day of additional demand in 2025 refers to an annual average increase in 0.1% sulfur marine gasoil consumption in OECD Mediterranean countries and Gibraltar."

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