Feb. 24
Gasoil demand from Belgium, France, Belgium, Germany and Switzerland -- the main consumption centers in Northwest Europe -- is down a quarter this winter amid mild weather and a longer-term shift away from the product, traders said Monday.
Belgium has seen a 15-20% fall in demand, according to traders, with France reported to be 20-30% lower, Switzerland off 30% and Germany something similar.
Many countries have been switching to the lower sulfur gasoil grade of 50 ppm, or using other alternatives such as natural gas or electric heating.
"There is some Belgian and Swiss demand for 0.1% [gasoil] but German end-user stocks are OK and the cold is not there. Every day the weather remains good is a lost day of burning heating oil", said one trader.
Source: http://www.platts.com/latest-news/oil/london/european-gasoil-demand-down-on-mild-weather-structural-26739084?
Gasoil demand from Belgium, France, Belgium, Germany and Switzerland -- the main consumption centers in Northwest Europe -- is down a quarter this winter amid mild weather and a longer-term shift away from the product, traders said Monday.
Belgium has seen a 15-20% fall in demand, according to traders, with France reported to be 20-30% lower, Switzerland off 30% and Germany something similar.
Many countries have been switching to the lower sulfur gasoil grade of 50 ppm, or using other alternatives such as natural gas or electric heating.
"There is some Belgian and Swiss demand for 0.1% [gasoil] but German end-user stocks are OK and the cold is not there. Every day the weather remains good is a lost day of burning heating oil", said one trader.
Source: http://www.platts.com/latest-news/oil/london/european-gasoil-demand-down-on-mild-weather-structural-26739084?
Comments
Post a Comment